Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government
- Consolidating Mission-critical Systems
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Eliminating the Pitfalls: Steps to Virtualization in Government
- Federal Executive Forum
- Federal Tech Talk
- Government Cloud Brokerage: Who, What, When, Where, Why?
- Government Mobility
- Mission-critical Apps in the Cloud
- Mobile Device Management
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- Understanding the Intersection of Customer Service and Security in the Cloud
Shows & Panels
Emirates reports 52 percent jump in profits
Thursday - 5/9/2013, 10:29am EDT
DUBAI, United Arab Emirates (AP) -- The Dubai-based Emirates airline says its annual net profit rose by 52 percent as the carrier's fast growth outpaced rising fuel costs.
Emirates said Thursday that the airline posted $622 million in net profit in the 2012-2013 fiscal year.
The Emirates Group, which includes a travel services division, reported a 34 percent jump in net profit to $845 million.
Emirates is locked in fierce competition with rival Gulf carriers Qatar Airways and Abu Dhabi's Etihad Airways. All three are aggressively expanding routes and fleets. Emirates this year began a partnership with Australia's Qantas that seeks to further boost Dubai's position as a transcontinental hub.
Emirates says its passenger count rose 16 percent. The growth countered fuel costs, up 15 percent to $7.6 billion compared with the previous fiscal year.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.