Increase for Emirates earnings

Increase for Emirates earnings

Dubai airline Emirates on Wednesday bucked an industry slump with a 74 percent rise in full-year net profits to $429 million from $246.9 million a year ago.

Emirates said revenue in the year to March 31 was 3.6 billion. No comparable figure was immediately available.

The carrier, which was founded in 1985 with just two aircraft, is in the middle of a massive expansion drive which will see it taking delivery of a new plane a month from March 2005 for seven years.