Dubai’s Emirates Airline said net profit grew 52 per cent to $1.5bn in the year to the end of March as passenger demand and capacity on its 111 routes grew.
The government-owned group said on Tuesday that, despite “another challenging year”, including losing $250m over the past four months on higher oil prices, the airline increased its seat factor to 80 per cent, the highest in its history.
Passengers carried rose 14.5 per cent to 31.4m in the 2010-2011 financial year, which ends March 31. Cargo revenues grew 27.6 per cent to $2.4bn.
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