Wednesday, 11 May 2011

Emirates Airlines Announces 52 per cent rise in 2010 profit

 

Despite regional turmoil, Dubai-based Emirates Airline has posted a 52 per cent rise in net profit in 2010, driven by a surge in passenger numbers and cargo traffic, it was announced  on Tuesday. The carrier made a net profit of $1.5 billion for the year, despite widespread regional turmoil, Emirates Group said.

 


Revenue for the airline jumped 25 per cent to reach $14.8 billion, the state-backed company said.

On the back of this news the airline also confirmed they were planning on taking services to Australia to the 100 flights a week mark and beyond.   Currently they offer 70 flights a week and are currently seeking approval from the Australian authorities to operate more than the 85 they are allowed to.

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