Emirates Airline increases its profit by 62% to $1.37b
The Emirates Group has managed a new profit record, as the Group net profits increased 54.1% to US$1.45 billion for the financial year ended 31st March 2008, on revenues of $11.2 billion.
The group report comprises comprising Emirates Airline, Dnata and subsidiary companies.
"The Group´s latest record performance reflects its success in growing customer demand through the strategic expansion of its business operations across six continents, supported by ongoing investments in the latest technology, products and customer service while keeping a tight rein on costs. This is illustrated by the 21.2 million passengers who flew with Emirates in the latest financial year, 3.7 million more than in the previous year," stated the company.
Emirates Airline´s revenues totalled $10.8 billion, an increase of 32.3% from $8.1 billion the previous year. Airline profits of $1.37 billion marked a 62.1% increase over 2006-07´s record profits of $844 million.
This result was due to improved yields and higher load factors on increased capacity; as well as other operating gains.