The Emirates juggernaut continues on the back of massive growth and profits. (Rob Finlayson)
Emirates Airline has recorded a profit of US$887m (A$948m) in the year ended March 31, a 43 per cent rise over last year’s result.
The airline said it had invested US$6bn (A$6.4bn) to grow its capacity in the 2013/14 financial year at the fastest rate in its history as it added nine new destinations to its network.
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Other key figures saw revenues increase by 13 per cent to US$22.5bn (A$24.03bn), and 44 million passengers flew with the airline, a staggering increase of 13.1 per cent.
The Emirates Group, which also includes service provider Dnata, has some 75,000 staff, and has paid a US$280m (A$299m) dividend to its parent, the Investment Corporation of Dubai.
I don’t think anyone could seriously underestimate the impact Emirates are having and will continue to have on Commercial Aviation. They will continue to grow and with the backing they have from the government and their geographical advantage they’ll swallow up a lot of airlines. A poorly managed, poorly run, end of the line carrier, with the wrong fleet (QANTAS) will probably be one of them. Especially if they continue to make huge profits like this!
marc
says:
Cheap fuel and/or good management?
Glen
says:
I do belive this shows if you spend money wisely unlike a certain Aus airline I could mention then you make money. Of course great customer service does help too.
iscover
Nick
says:I don’t think anyone could seriously underestimate the impact Emirates are having and will continue to have on Commercial Aviation. They will continue to grow and with the backing they have from the government and their geographical advantage they’ll swallow up a lot of airlines. A poorly managed, poorly run, end of the line carrier, with the wrong fleet (QANTAS) will probably be one of them. Especially if they continue to make huge profits like this!
marc
says:Cheap fuel and/or good management?
Glen
says:I do belive this shows if you spend money wisely unlike a certain Aus airline I could mention then you make money. Of course great customer service does help too.