Emirates airline, Dubai Airports and the aviation sector as a whole contributed US$26.7 billion to the Dubai economy in 2013, which was almost 27 per cent of Dubai’s GDP and supported a total of 416,500 jobs accounting for 21 per cent of the emirates’ total employment. These figures were based on the latest report “Quantifying the Economic Impact of Aviation in Dubai” conducted by global research firm, Oxford Economics, as a follow-up to a 2011 study done by the same … [Read more...] about Aviation to contribute $53.1B to Dubai’s economy
Sheikh Ahmed Bin Saeed Al Maktoum
Aviation to contribute $53.1B to Dubai’s economy
Emirates airline, Dubai Airports and the aviation sector as a whole contributed US$26.7 billion to the Dubai economy in 2013, which was almost 27 per cent of Dubai’s GDP and supported a total of 416,500 jobs accounting for 21 per cent of the emirates’ total employment. These figures were based on the latest report “Quantifying the Economic Impact of Aviation in Dubai” conducted by global research firm, Oxford Economics, as a follow-up to a 2011 study done by the same … [Read more...] about Aviation to contribute $53.1B to Dubai’s economy
Emirates posts 26th year of profits, up 43%
In a tale of contrasting fortunes with much of the industry, Emirates Airline reported a 43 per cent jump in 2013 net profit helped by higher revenue and lower fuel costs. The Dubai-based carrier posted a profit of AED3.3 billion (US$898.4 million) for the year to March 31 up from AED2.3 billion a year earlier. Revenue grew 13 per cent at both the airline and group level, to AED82.6 billion and Dhs87.8 billion, respectively. “It’s been a good year. There was growth in our … [Read more...] about Emirates posts 26th year of profits, up 43%
Emirates posts 1H net profit of US$200M
Emirates posts 1H net profit of US$200M Emirates airline produced a net profit of Dhs 752 million (US$205 million), for the first six months of its current financial year ending 30 September 2009. This represents a 165 per cent improvement compared to Dhs 284 million (US$77 million) net profits for the same period in 2008. During this period Emirates SkyCargo carried 700,000 tonnes of cargo, which it said was “in line with last yearâ€Â. Emirates carried a total of 13 million … [Read more...] about Emirates posts 1H net profit of US$200M