FINANCIAL NEWS

Emirates Airline reports USD409m profit in 2011

10 May 2012

(MENAFN) Dubai flag carrier Emirates Airline reported a 72.1 percent drop in profits last year on higher fuel costs, Arabian Business reported.

The airline said it made USD409 million net profit in 2011. Revenue rose 14.9 percent to USD17 billion.

Middle East’s largest airline said its fuel bill surged 44.4 percent to USD6.6 billion, trimming last year’s gains.

The carrier added 22 new aircraft to its fleet, and 11 new destinations to its global network during last year.

Emirates also said that its passenger traffic increased 8 percent totaling 34 million passengers.

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