Emirates annual profit jumps


The Dubai-based Emirates airline says its annual net profit rose by 52 per cent as the carrier's fast growth outpaced rising fuel costs.

Emirates said Thursday that the airline posted $US622 million ($A614.65 million) in net profit in the 2012-2013 fiscal year.

The Emirates Group, which includes a travel services division, reported a 34 per cent jump in net profit to $US845 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 per cent.

The growth countered fuel costs, up 15 per cent to $US7.6 billion compared with the previous fiscal year.