Emirates posts significant lower profit for full year 2011-12

Emirates revenue for the financial year 2011-12 reached AED 62.3bn (US$ 17bn) growing by 14.9% when compared to the 2010-11 financial year. Despite the strong revenue growth, the stifling cost of jet fuel impacted Emirates’ bottom line with the airline’s profit sitting significantly lower than the previous year at AED 1.5bn (US$ 409m) representing a decrease of 72.1% over last year’s results. Carrying 34m passengers, an increase of 8%, Emirates logged a robust passenger seat factor, at 80.0%, remaining consistent with last year’s results, with an increase in seat capacity of 9.8%.