Emirates Airline Profit Jumps 43%

May 08--The Emirates Group revenues increased by 13 per cent to Dh87.8 billion while its net profit jumped by 32 per cent to Dh4.1 billion.

Emirates airline declared a 43 per cent jump in net profit for its financial year 2013-14 that reached Dh3.3 billion and revenue increased by 15 per cent to Dh82.6 billion or $22.5 billion.

The Emirates Group revenues increased by 13 per cent to Dh87.8 billion while its net profit jumped by 32 per cent to Dh4.1 billion. Profit margin is more than double the industry. Our cash of Dh19 billion is lower than last year but healthy to go further. Last Emirates flew 44.5 million passengers with closed to 80 per cent load-factor.

The results were announced by Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and Chief Executive Officer of Emirates airline and Group during a news conference at Emirates Headquarters in Dubai on Thursday

Shaikh Ahmed arrived five minutes before the scheduled time. The Press conference started with a short video about Emirates Group and milestones achieved in 2013.

Copyright 2014 - Khaleej Times, Dubai, United Arab Emirates

Loading