An Emirates Boeing 737-300 passenger jet coming in to land. (File photo: AFP)
Emirates Airlines reported on Thursday a net profit of 862 million dirhams ($235 million), a 282 percent increase year-on-year.
The airline says that the result was the result of increased agility in capacity development, improved seat factors, and better margins.
Operating costs decreased 8 percent, while overall capacity decreased 7 percent.
The drop in oil prices year-on-year has also been a boon to the airline, which reported a 13 percent drop in fuel costs.
The Emirates Group, which includes the airline, airport service provider dnata, and other activities, reported a net profit of 1.2 billion dirhams, an 8 percent increase year-on-year.
The group said that the results were impacted by the Dubai International Airport runway closure, decline in fuel costs, unfavorable currency movements, and the bankruptcy of travel agency Thomas Cook.
