Dubai-based Emirates airline posted a rise of at least 40% in profit in the last fiscal year to more than 5 billion dirhams ($1.36 billion), Al-Khaleej newspaper reported on Monday.
Profit rose in the year to March 31 after the airline carried more passengers and cargo, the newspaper reported, citing unidentified sources.
A spokeswoman for Emirates could not immediately comment on the report. Emirates Vice Chairman Maurice Flanagan said the state-owned carrier would probably post a profit of at least $1 billion in the fiscal year, UAE daily Emirates Business 24/7 reported in February.
Source: http://www.arabianbusiness.com/516535-emirates-air-profit-surged-40-pct-last-year--paper
Profit rose in the year to March 31 after the airline carried more passengers and cargo, the newspaper reported, citing unidentified sources.
A spokeswoman for Emirates could not immediately comment on the report. Emirates Vice Chairman Maurice Flanagan said the state-owned carrier would probably post a profit of at least $1 billion in the fiscal year, UAE daily Emirates Business 24/7 reported in February.
Source: http://www.arabianbusiness.com/516535-emirates-air-profit-surged-40-pct-last-year--paper
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