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Emirates records big profit

written by WOFA | May 9, 2014
The Emirates juggernaut continues on the back of massive growth and profits. (Rob Finlayson)
The Emirates juggernaut continues on the back of massive growth and profits. (Rob Finlayson)

Emirates Airline has recorded a profit of US$887m (A$948m) in the year ended March 31, a 43 per cent rise over last year’s result.

The airline said it had invested US$6bn (A$6.4bn) to grow its capacity in the 2013/14 financial year at the fastest rate in its history as it added nine new destinations to its network.

Other key figures saw revenues increase by 13 per cent to US$22.5bn (A$24.03bn), and 44 million passengers flew with the airline, a staggering increase of 13.1 per cent.

The Emirates Group, which also includes service provider Dnata, has some 75,000 staff, and has paid a US$280m (A$299m) dividend to its parent, the Investment Corporation of Dubai.

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