DUBAI, United Arab Emirates -- The Middle East's biggest airline Emirates says it earned $1.1 billion during the last fiscal year as it significantly boosted capacity with the addition of two dozen new planes.
The Dubai government-backed carrier said Thursday the profit for the financial year represented a 32-percent increase over the previous year.
Revenue for the period rose 13 percent to $23.9 billion.
Emirates, along with smaller Gulf rivals Etihad Airways and Qatar Airways, is rapidly expanding. It uses its desert hub in Dubai as a major transcontinental transit hub.
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