Emirates airline has posted a 165 percent increase in net profit of US$205 million for the first six months of its current financial year ending 30th September 2009 compared to the same period in 2008.

During this period the airline made an estimated direct contribution of Dhs 10 billion, and an estimated indirect contribution of Dhs 14 billion to the U.A.E economy, carrying over 13 million passengers and over 700,000 tonnes of cargo, and in the process also helped other businesses operating at Dubai International Airport achieve growth in revenue and traffic.

Emirates supported and stimulated growth in the aviation and tourism industry by continuing fleet and network expansion with eight new aircraft added, two new destinations launched and additional frequencies introduced; progressing its ongoing program to install the latest inflight entertainment systems and mobile connectivity across its fleet; and investing in the training and retention of its 29,000-strong staff.

In addition, the airline invested over Dhs 40 million to activate two major campaigns promoting travel to and via its Dubai hub: “Keep Discovering Dubai” launched with industry partners in April-June hosted over 2,000 travel and media representatives from all over the world to experience Dubai’s latest attractions; and “Meet Dubai”, Emirates largest investment to date in a single global advertising campaign, showcasing Dubai’s unique appeal through its people and residents.

HH Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates airline and Group said: “Emirates remained focused on its long-term strategy despite the global economic slowdown. We have continued to invest in our eco-efficient aircraft fleet; in strengthening our global route network; and also in supporting the infrastructure for our growing business.

“The months since the global meltdown have really tested our mettle. Unlike others in the industry, Emirates did not cut back on its product, service or people. Instead, we invested in these areas and looked to our people to develop ever more innovative ways to manage costs, improve efficiencies, reallocate resources, and drive alternative strategies for the business. Emirates' latest half-year performance testifies to the airline’s strong business foundations and agility in adapting to the challenging global economic environment.” (EHL)