Emirates airline says profits are up

Emirates airline says profits are up

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.

Email the Travel Weekly team at traveldesk@travelweekly.com.au

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