EMIRATES ENTERS CODE SHARE AGREEMENT WITH AIR PEACE, 6 OTHERS TO EXPAND CONNECTIVITY
The instance of this administration on the protection and promotion of our local operators is gradually paying off under the leadership of Hon Minister of Aviation and Aerospace Development Mr Festus Keyamo as Emirates Group, the flag carrier for United Arab Emirates (UAE) has disclosed that during the first six months of 2024, it entered into new agreements with seven codeshare, interline, and intermodal partners.
Emirates mentioned the partner airlines and firms to include Air Peace, Avianca, BLADE, ITA Airways, Iceland Air, SNCF Railway, and Viva Aerobus.
Emirates disclosed this in a recent statement, noting that the codeshare decision is for it to expand its connectivity options for customers.
The airline noted that between 1 April and 30 September, 8 aircraft (3 A380s, 5 Boeing 777s) with fully refreshed interiors rolled out of its US$ 4 billion retrofit programme.
Emirates Group had in the statement announced its best-ever half-year financial performance, posting a profit before tax of AED 10.4 billion (US$ 2.8 billion) for the first six months of 2024-25, surpassing its record profit before tax for the same period last year.
This is the first financial year that the UAE corporate income tax, enacted in 2023, is applied to the Emirates Group. After accounting for the nine per cent tax charge, the Group’s profit after tax is AED 9.3 billion (USD 2.5 billion).
Demonstrating its strong operating profitability, the Group maintained a robust EBITDA of AED 20.4 billion (US$ 5.6 billion), slightly lower from AED 20.6 billion (US$ 5.6 billion) last year.
By Ifeoma Okeke-Korieocha
Businessday Ng
