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Emirates sees 2012-13 income rising 18-20%
February 10, 2013 , 7 : 30 pm GST
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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.
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