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Emirates, the Middle East's biggest airline, says it earned $1.1B in last fiscal year

Associated Press
Published | Updated

DUBAI, United Arab Emirates – The Middle East's biggest airline Emirates says it earned $1.1 billion during the last fiscal year as it significantly boosted capacity with the addition of two dozen new planes.

The Dubai government-backed carrier said Thursday the profit for the financial year represented a 32-percent increase over the previous year.

Revenue for the period rose 13 percent to $23.9 billion.

Emirates, along with smaller Gulf rivals Etihad Airways and Qatar Airways, is rapidly expanding. It uses its desert hub in Dubai as a major transcontinental transit hub.