RSS FeedsNews
(26 April 2007)
The Emirates Group today announced a 23.5% rise in group net profits to £500 million backed by a record £424 million profit at its airline.
The government-owned airline added three million passengers over the financial year ending March 31, 2007 despite a delay in the delivery of its A380 aircraft and rising pressure from fuel costs.
Sheikh Ahmed bin Saaed Al-Maktoum, the chairman and chief executive of Emirates Airline and Group, said:
“These results, against a backdrop of rising costs and significant aircraft delivery delays which have impacted our capacity growth, demonstrate Emirates' ability to adapt and knuckle down to the challenge.”
During the 2006-7 financial year Emirates, which now employs over 30,000 people, added 12 new Boeing 777-300ER aircraft and launched new services to Nagoya, Tunis, Bangalore and Beijing, while increasing frequency to existing destinations like Zurich and Dusseldorf.
Discussion
Please email to report any offensive posts. Any post deemed to contravene the Travel Weekly forum guidelines will be removed.
Login/Register to add your comments
| Subject | Author | Date |
|---|---|---|
| There are currently no comments for this article. | ||
