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Emirates revenue up 14.9% in FY2012, profit down 72.1%

11-May-2012 1:51 PM

Emirates reports (10-May-2012) the following financial highlights for the 12 months ended Mar-2012:

  • Revenue*: AED62,287 million (USD16,961 million), +14.9% year-on-year;
  • Operating costs: AED60,474 million (USD16,467 million), +24%;
    • Fuel: AED24,292 million (USD6,615 million), +44.4%;
  • Operating profit: AED1813 million (USD494 million), -66.7%;
  • Net profit: AED1502 million (USD409 million), -72.1%;
  • Passenger numbers: 34 million, +8.1%;
  • Passenger load factor: 80%, stable;
  • Breakeven load factor: 65.9%,+2.3 ppts;
  • Passenger yield: USD8.31 cents, +7.8%;
  • Cargo volume: 1.8 million tonnes, +1.6%;
  • Fleet: 169, +14.2%. [more – original PR]

*Based on the average conversion rate USD1 = AED3.6724