Emirates’ profit rises 124pc

Emirates Airline, the main concern of Dubai based Emirates Group, posted a 124 percent rise in year-on-year profit to $762 million for 2017-18.

Emirates Group, which includes air services provider dnata, reported a profit of $1.1 billion for the financial year ending on March 31, up 67 percent from last year, says a statement. The group's revenue rose 8 percent to $27.9 billion. It was its 30th consecutive year of profit.

Emirates Airline earned revenue of $25.2 billion during the fiscal year and carried a record 58.5 million passengers (up 4 percent). Emirates' cargo division- Emirates SkyCargo, reported revenue of $3.4 billion, an increase of 17 percent from last year.