EmiratesSkyCargo’s revenue rose 8 percent to $2.8 billion in fiscal 2012/13 from a year ago as the fast-growing Middle East carrier expanded its network and added four Boeing 777 freighters to its fleet.
The Dubai-based airline’s traffic surged 16 percent in a shrinking global air cargo market to reach 2.1 million metric tons in the year to March 31.
Revenue at Emirates’ cargo handling unit increased 7 percent to $293 million, driven by rapidly growing business at Dubai World Central Airport and expansion at Dubai International Airport.
The Emirates group’s net income jumped 34 percent to $845 million on a 17 percent rise in revenue to $21.1 billion as passenger numbers rose by 5.5 million to 39.4 million.
Emirates added 34 new aircraft in the year including 10 A380s, the largest capacity increase in its history.
“The year ahead will again be more profitable than the last,” chairman Sheikh Ahmed bin Saeed Al Maktoum said.” We continue to invest heavily in our future.”