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Emirates half-year results indicating aviation is slowly recovering from COVID

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Emirates plans to swap Boeing 777X for Dreamliner

Emirates has announced its half-year results for its 2021-22 financial year – and its showing positive signs the aviation sector is slowly recovering

The Emirates group revenue was US$ 6.7 billion for the first six months of 2021-22, up 81% from US$ 3.7 billion during the same period last year. This strong revenue recovery was underpinned by the easing of travel restrictions worldwide and the corresponding increase in demand for air transport as countries progressed their COVID-19 vaccination programmes. 

The Group reported a 2021-22 half-year net loss of US$ 1.6 billion – substantially improved from its US$ 3.8 billion loss for the same period last year.

Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates says “as we began our 2021-22 financial year, COVID-19 vaccination programmes were being rolled out at unprecedented scale around the world.

“Our cargo transport and handling businesses continued to perform strongly, providing the bedrock upon which we were able to quickly reinstate passenger services. While there’s still some way to go before we restore our operations to pre-pandemic levels and return to profitability, we are well on the recovery path with healthy revenue and a solid cash balance at the end of our first half of 2021-22.”

Sheikh Ahmed added: “We would like to thank our customers for their continued support, as well as all our aviation and travel industry stakeholders and partners for their efforts that have made it possible for international air travel to resume safely and smoothly.”

The Emirates Group has been able to tap on its own strong cash reserves, and access funding through its Owner and the broader financial community to support its business needs through the unprecedented challenges wrought on the aviation and travel industry by COVID-19.

Emirates is recovering, slowly, following the COVID pandemic / Image: File

In the first half of 2021-22, the UAE, who ones the airline, further injected US$ 681 million into Emirates by way of an equity investment and they continue to support the airline on its recovery path

The Emirates Group’s employee base, compared to 31 March 2021, dropped marginally by 2% to an overall count of 73,571 at 30 September 2021. In line with the expected ramp up in capacity and business activities in the coming months, Emirates and dnata have embarked on targeted recruitment drives to support its requirements, prioritising the rehiring of employees previously on furlough or made redundant.

Emirates continues to make changes in order to return to profit.

Continued recovery and the changes Emirates has made

During the first six months of 2021-22, Emirates took delivery of 2 new A380s and retired 2 older aircraft from its fleet as part of its long-standing strategy to improve overall efficiency, minimise its emissions footprint, and provide high quality customer experiences.

With a clear focus on restoring its passenger network and connections through its Dubai hub, Emirates responded with agility whenever travel restrictions lifted to restart services or layer on additional flights. In July, it launched services to Miami, a new destination, and during the first half of 2021-22, Emirates also activated codeshare and interline partnerships with Airlink, Aeromar, Azul, Cemair and South African Airways to expand connectivity options for customers.

By 30 September, Emirates was operating passenger and cargo services to 139 airports around the world, utilising its entire Boeing 777 fleet and 37 of its superjumbo A380s.

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Carney’s Liberals poised for Canadian election victory

Mark Carney’s Liberals projected to win Canadian election, promising economic reform and a robust stance against Trump.

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Mark Carney’s Liberals projected to win Canadian election, promising economic reform and a robust stance against Trump.

In Short

Canadians are likely to re-elect Prime Minister Mark Carney and the Liberal Party, aiming to tackle economic challenges and U.S. relations.

Carney’s leadership has gained voter support, positioning him against Conservative rhetoric and focusing on strengthening Canada’s economy and trade ties.

Canadians are projected to retain the Liberal Party under Prime Minister Mark Carney in the recent national elections.

Carney, a former central banker, is expected to address economic challenges and respond to U.S. President Donald Trump’s claims about Canada’s economy.

The Liberals aim for a fourth term, although it is uncertain if they will secure a majority. Carney took over as Prime Minister following Justin Trudeau’s resignation earlier this year.

The Conservatives were leading by over 20 points in January but the political landscape shifted after Trump’s return. Carney positioned himself as the candidate capable of managing relationships with the U.S. and rebuilding Canada’s economy, which heavily depends on American demand.

Leadership skills

Polling data indicated a turning tide for the Liberals, as voters appreciated Carney’s leadership skills. After a conversation with Trump, Carney mentioned plans to discuss a new economic and security agreement post-election.

He plans to increase military investment while maintaining Canadian sovereignty on key issues like resources and language laws.

Carney has emphasised the need to enhance trade ties with Europe and Asia, aiming to reduce barriers within Canada. With his background in finance during critical periods, he aims to bring confidence back to the economy through tax reforms and targeted spending.

Pierre Poilievre’s Conservative rhetoric reportedly alienated some voters, amplifying support for Carney as the viable choice against Trump’s influence.

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National Top 10 Best Buyers Report: Terry Ryder’s Surprising Picks for Investors

Terry Ryder analyzes the National Top 10 Best Buyers Report, highlighting future capital growth locations like Darwin and Melbourne, while offering tips for first-time investors and an exclusive report discount.

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Terry Ryder analyzes the National Top 10 Best Buyers Report, highlighting future capital growth locations like Darwin and Melbourne, while offering tips for first-time investors and an exclusive report discount.


In this episode, Terry Ryder breaks down the National Top 10 Best Buyers Report, sharing how he identifies locations with long-term potential and future capital growth — beyond today’s “hot” markets. Discover why Darwin is a standout and why Melbourne is back on the radar. Plus, get his advice for first-time property investors and an exclusive discount on the report!

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#PropertyInvestment #RealEstate #Hotspotting #InvestmentTips #NationalTop10 #CapitalGrowth #RealEstateAustralia #FirstHomeBuyers

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U.S. Treasury Secretary warns China to urgently fix trade tensions

Treasury Secretary Scott Bessent urges China to reduce trade tensions and warns high tariffs are unsustainable, while expressing optimism for negotiations with India.

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Treasury Secretary Scott Bessent urges China to reduce trade tensions and warns high tariffs are unsustainable, while expressing optimism for negotiations with India.


Treasury Secretary Scott Bessent has put the pressure firmly on China to take steps to reduce escalating trade tensions, stressing the heavy reliance of China’s economy on exports to the United States.

Bessent warned that current high tariff levels are unsustainable and shared optimism about negotiation breakthroughs with other nations, notably a potential trade deal with India.

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#TradeTensions #ScottBessent #ChinaTrade #GlobalEconomy #TickerNews #Tariffs #EuroSurge #IndiaDeal

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