Times of Oman
Price in RO
24ct / gm
22ct / gm
Forex Rates vs R01
Back to Homepage
Emirates sees 2012-13 income rising 18-20%
February 10, 2013 , 7 : 30 pm GST
SAVE THIS ARTICLE
The fast-growing airline expects to have a fleet of some 210 aircraft by spring 2014. Photo — Bloomberg file picture
Dubai's Emirates Airlines said yesterday that its year to March 2013 income is seen rising by 18 to 20 per cent, as the Gulf emirate officially opened the world's first concourse dedicated to Airbus A380 superjumbos.
The biggest carrier in the Middle East will see "an 18 to 20 per cent income rise this year," Tim Clark, president of Emirates told reporters.
For the first six months of the current fiscal year the airlines' net profit jumped by 104 per cent to Dh1.7 billion ($464 million) from Dh836 million in the corresponding period of the previous year.
In the year to March 2012 Emirates had posted a net profit of Dh1.5 billion, down from Dh5.4 billion in the previous accounting year.
Clark said the fast-growing airline expects to have a fleet of some 210 aircraft by spring 2014. Dubai Airports, meanwhile, said its Concourse A, which is the world's first facility built to serve the Airbus A380 superjumbo, had become fully operational.
The concourse features 20 gates compatible with the double-deck aircraft for which Emirates is the largest single customer with 31 planes in service and 59 others on order.
Rate this Article
Rates : 0, Average : 0
Post a Comment
Did you like this section? Leave a comment!
Your Name :
Your Email Address :
Your Comment :
Enter Image Text:
No Comments Posted
Latest in this section
Bank Sohar’s net profit soars 35.13 per cent
Broad money rises 15.7 per cent to OMR13b in Oman
Gulf International Bank reports $50.2m profit
Data can be extracted from Apple’s iPhones
Google triples spending on acquisitions to $4.2b
TOP RATED ARTICLES
Number of Omanis joined 'Oman stands Palestine' amidst growing support and calls for peace march
Eid holidays will leave thousands of consumers to cope with cash crisis
Saleh Al Shaibany
Workout app to help health buffs
‘Tabseel’ spurs economic boom in Al Mudhaibi
Formula One: Rosberg on pole after Hamilton hopes go up in smoke
More in News
More than just a moustache - Adolf Hitler vs Charlie Chaplin
Urban gardens greening Berlin rooftops, airfield
Italian violinist strikes a chord with street children
Tips for writing a good article
How to choose your writing form and communicate your creative thoughts
Natasja Engholm - Special to Times of Oman
More in Features
Of the tipping point of Vladimir Putin
Arrogance will one day destroy America
Media doesn’t tell real story of Middle East
Syrian ‘moderates’ aren’t so moderate in Iraq
Isis is the backlash of an unreal revolution
More in Columns
Copyright © 2012 Muscat Press & Publishing House SAOC. All rights reserved. Times of Oman is not responsible for the content of external internet sites.
For reprint rights contact:
TOO Online Editorial