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Emirates airlines' profit up 43% in 2013

Emirates airlines, the largest Middle East carrier, said Thursday it posted a 43 per cent surge in profit to $887 million last year as fuel costs dropped and passenger numbers rose.

DUBAI: Emirates airlines, the largest Middle East carrier, said Thursday it posted a 43 per cent surge in profit to $887 million last year as fuel costs dropped and passenger numbers rose.

Net profit in 2013 hit 3.3 billion dirhams ($887 million) compared to 2.3 billion dirhams ($622 million) the previous year, the company announced.

Fuel costs dropped by around four per cent, Emirates chief Sheikh Ahmed bin Saeed al-Maktoum told reporters, while passenger numbers increased 13 per cent.

The carrier's revenues increased 13 per cent to 82.6 billion dirhams ($22.5 billion).

The government-owned carrier transported a record 44.5 million passengers last year, compared to 39.4 million the previous year.

Emirates fleet also increased to 217 planes from 197 in 2012-2013.

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