Emirates airline says profits are up

Emirates says its profits increased to $US1.9 billion in the last fiscal year.

Emirates Airlines

Emirates says its profits increased to $US1.9 billion in the last fiscal year. (AAP)

The Middle East's biggest airline, Emirates, says its profits jumped by about 56 per cent to $US1.9 billion ($A2.60 billion) in the last fiscal year largely due to lower oil prices that drove down fuel operating costs.

The Dubai government-owned airline says revenue, however, fell by four per cent to $US23.2 billion, mostly because of a stronger US dollar that impacted currency exchange.

Emirates President Tim Clark said on Tuesday that despite the drop in revenue, the airline's fuel bill decreased to $US5.4 billion over the last year, comprising around a fifth of operating costs, compared to 35 per cent in 2014.


Share
1 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world