The Dubai-based group, which owns airline Emirates and travel services company dnata, made a profit of $296 million for the six months but this was down 53% on the same period last year, despite group revenue rising by 10% to $14.8 billion.
The airline saw its profit decline by 86% to $62 million year-on-year due to the higher fuel prices, which were up by 37% compared with 2017, while currency changes also had a negative impact.
Emirates’ revenue was up 10% to $13.3 billion as passenger numbers rose by 3% to 30.1 million as capacity also increased by 3%.
