Emirates Half-Year Net More Than Doubles on Cost Cuts

Emirates Airline, the biggest Arab carrier, said profit in the six months through September more than doubled as it cut costs and fuel expenses fell.

Net income increased to 752 million dirhams ($205 million) from 284 million dirhams a year earlier, Dubai government-owned Emirates said today in an e-mailed statement. Revenue fell 13.5 percent to 9.8 billion dirhams, reflecting lower passenger and cargo yields, the airline said.

“While some say the green shoots of economic recovery are sprouting, we expect it will take at least another year or two before demand for air transport and travel services starts picking up again,” Chairman and Chief Executive Officer Ahmed bin Saeed Al-Maktoum said in the statement.