The ascendancy of one of the Gulf's finest carriers continues to soar with news of a 40per cent jump in annual profits.
Emirates, one of the world's largest airlines announced a profit of some 4.6 billion Dirham (£1 billion $1.52 billion) in the last financial year. This massive jump in profit is largely due to the drop in oil prices, saving the airline around 2 billion Diaham last year alone. Revenue also increased 7 per cent year on year to some 88.8 billion dirhams.
Their ground and tourism operation, Dnata, also recorded a massive 34 per cent rise in profits, climbing it 5.5 bilion Dirhams.