Emirates airline annual profit grows 56 percent to $1.9 billion

Dubai-based Emirates airline said on Tuesday its profit surged by 56 percent last year to $1.9 billion. (Photo: Emirates)

Dubai’s Emirates airline said on Tuesday its profit surged by 56 percent last year to $1.9 billion, as passenger numbers grew and fuel bills dropped.

Emirates said however that its revenues dropped four percent to $23.2 billion, mainly as a result of a strong US dollar against currencies in most of its markets.

The company’s chief executive Sheikh Ahmed bin Saeed al-Maktoum announced the results at a news conference.

More A380s

Meanwhile, Emirates President Tim Clark said on Tuesday that the airline will buy more of the current Airbus A380 model if Airbus decides not to build the A380neo aircraft.

"If they decide not to bring the Neo into play, we will buy more of the current A380. We have 140 (A380s) on order, we have
77 today so we have quite a few more to go," he said.
 

 

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Last Update: Wednesday, 20 May 2020 KSA 09:47 - GMT 06:47
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