Dubai’s Emirates Group announced half-year profits of $2.5 billion on Thursday, citing robust demand despite conflicts in the Middle East.
The airline group, operating from the world’s busiest airport for international traffic, has faced regional disruptions due to the conflicts, but has expanded its network elsewhere.
Pre-tax profits of 10.4 billion dirhams ($2.8 billion) in the six months to September were a record for the group, but were subject to the United Arab Emirates’ new 9.0 per cent corporate tax for the first time.
‘We expect customer demand to remain strong for the rest of 2024-25, and we look forward to increasing our capacity to grow revenues,’ group chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum said in a statement.