Emirates profits up five-fold
Global - Emirates posted a US$952.9 million dollar net profit in the financial year ended March 31, up five-fold from last year's US$187.76.
The group expects to achieve double digit growth through 2010-2011, Sheikh Ahmed bin Saeed al Maktoum, Emirates chairman and CEO told reporters at a press conference.
The airline said it will take delivery of seven additional A380s and one Boeing 777 in 2010-2011. It currently has US$55 billion in equipment orders with Airbus and Boeing.
The Middle Eastern Airline is bucking global downturn trends with the highest growth rate of 11.2% in air passenger traffic in 2009. Meanwhile, its peers in other parts of the world are expected to post 2010 losses of US$2.8 billion, according to industry body International Air Transport Association (IATA).
Managing people? For HR and leadership strategy, Human Resources has it covered.
Get your marketing department up to speed with Asia's most read marketing site
Emirates Related Stories:
- Emirates shares smiles around the globe
- Airlines link up, Myanmar’s tender
- Emirates launches new campaign
- Emirates extends Arsenal FC deal
- Vietnam comes of age
- Australia to boost air transport
- Star rolls out new look, OCBC takes to Pinterest
- Emirates says hello to tomorrow
- IN BRIEF: iProperty, YouTube, Renault
- Emirates to fly to Ho Chi Minh
- Emirates FIFA deal in doubt over racism row
- Emirates hunts next Skywards face
- Emirates appoints iris in Singapore
- Emirates SkyCargo goes the distance
- DDB India snares Emirates account
- Emirates heads north
- Emirates spreads wings into India
- Emirates and Etihad to hire 80,000 in next 10 years
- Emirates raises the bar
- Emirates names lead for Malaysia