Sales push net profits up 43% as runway work starts
Emirates is reporting a 43% increase in 2013 net profit for the year to March 31, to AED3.3 billion (€648 million), which it says was pushed upwards by higher revenues and lower fuel costs.
“It’s been a good year,” airline chairman Sheikh Ahmed bin Saeed Al Maktoum said. “There was growth in our business all round and fuel costs fell by about 4% last year, which helped.”
Revenue grew 13%. However, construction work at Dubai International Airport may mean the airline will lose a billion dirhams of revenue in 2014. Starting in May, Dubai plans 80 days of work to upgrade two runways.
[pictured: Terminal 3 concourse B, Dubai International Airport]