May 7, 2015 4:11 AM
Emirates airline annual profit jumps 40 percent
The Associated Press
DUBAI, United Arab Emirates (AP) The Middle East's biggest airline, Emirates, says its profit jumped 40 percent during the last fiscal year, driven by rapid expansion and helped by a drop in fuel prices.
The Dubai government-owned carrier said Thursday it earned 4.56 billion dirhams ($1.24 billion) compared with the 3.25 billion dirhams ($885.6 million) it earned a year earlier.
Sales for the year rose 7 percent to 88.82 billion dirhams ($24.2 billion).
Emirates is expanding rapidly with a primarily wide-body fleet that funnels long-haul travelers through its fast-expanding hub in Dubai.