Regional Round-Up
Emirates reports another profit jump
June 1st 2014
Dubai-headquartered Emirates Airline, has announced an AED 3.3 billion (US$900 million) profit for the year to March 31, an increase of 43% over the previous 12 months, with revenue up 13% and passengers carried rising to 44.5 million for the year. Read More » The airline’s group chairman and CEO, Ahmed bin Saeed Al Maktoun, said: “We are moving into a new financial year with confidence despite competitive pressure and a global economic environment that is only slowly recovering.”
He said achieving the airline’s 26th consecutive year of profit in a financial year marked by record increases in capacity and significant business investments across the Group, “is testimony to the strength of our brands and our business fundamentals”. “Throughout the 2013-14 year, the Group has collectively invested more than AED 22 billion, the highest amount ever in one financial year,” he added. In the reported 12 months, the airline’s fleet numbers increased to 217 aircraft after 16 A380s, six B777-300ERs and two B777Fs were delivered to the carrier.
