News Highlights:

• Group: Half-year profit before tax of AED 4.1 billion (US$ 1.1 billion), down 66% from the same period last year. Revenue down 12% to AED 66.2 billion (US$ 18.0 billion).
• Emirates: Half-year profit before tax of AED 3.7 billion (US$ 1.0 billion), down 68%, and revenue of AED 56.9 billion (US$ 15.5 billion), down 13%, against the same period last year. Revenue buoyed by strong cargo performance; profits eroded by high fuel prices.
• dnata: Half-year profit before tax of AED 410 million (US$ 112 million), down 51% compared to the same period last year, against revenue of AED 11.0 billion (US$ 3.0 billion), down 7%, reflecting reduced volumes in some of its UAE and UK businesses.
• Emirates Group Chairman and Chief Executive credits the UAE government for enabling the safe and smooth recovery of air transport activities; highlights the Group’s continual investments in fleet, product, and future capabilities; and says the Group is well-placed to stay agile against the headwinds of high fuel prices and regional volatility.

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