Emirates profit soars 40%

EARNINGS CLIMB: Emirates posted full-year profit of $1.36 billion, Al-Khaleej reported.

Dubai-based Emirates airline posted a rise of at least 40% in profit in the last fiscal year to more than 5 billion dirhams ($1.36 billion), Al-Khaleej newspaper reported on Monday.

Profit rose in the year to March 31 after the airline carried more passengers and cargo, the newspaper reported, citing unidentified sources.

A spokeswoman for Emirates could not immediately comment on the report.

Emirates Vice Chairman Maurice Flanagan said the state-owned carrier would probably post a profit of at least $1 billion in the fiscal year, UAE daily Emirates Business 24/7 reported in February. (Reuters)

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