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MENAFN - Arab News - 08/05/2014
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(MENAFN - Arab News) Bai: emirates airlines the largest middle east carrier said it posted a 43 percent surge in profit to 887 million last year as fuel costs dropped and passenger numbers rose.net profit in 2013 hit aed3.3 billion (887 million) compared to aed2.3 billion (622 million) the previous year the company announced.fuel costs dropped by around four percent emirates chief sheikh ahmed bin saeed al-maktoum said while passenger numbers increased 13 percent.the carrier's revenues increased 13 percent to aed82.6 billion (22.5 billion).'it has been a good year" sheikh ahmed said.the government-owned carrier transported a record 44.5 million passengers last year compared to 39.4 million the previous year.emirates group as a whole which includes dnata travel services saw revenues rise 13.2 percent to 87.8 billion dirhams (23.9 billion) with profit surging 31.6 percent to 4.1 billion (1.1 billion).the group will give a dividend of one billion dirhams (280 million) to its indebted government 'similar to the last financial year" it said.emirates market in east asia and australasia remained its highest revenue contributor with 6.5 billion 14 percent up from last year.the dubai-based airline leads gulf major carriers in expanding their share on the route between the west and asia and australasia triggering repeated complaints from legacy carriers which complain over a tough competition with the state-owned airlines.emirates fleet also increased to 217 planes from 197 in 2012-2013.it is the largest single operator of airbus' superjumbo a380 and boeing's 777 long-haul airliner.


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