Defying the naysayers, the Emirates Group has continued its unbroken string of annual profit, posting for the 21st consecutive year, a net profit of AED 1.49 billion (US$ 406 million) for the year ending 31 March 2009. Clearly not escaping the economic crisis however, the figure was down a whopping 80.4 per cent from last year's record profits of AED 5.0 billion ($1.37 billion). Revenues rose 9.9 per cent to AED 44.2 billion ($12 billion) from AED 40.2 billion ($10.95 billion) in the previous … [Read more...] about Emirates defies skeptics, posts 21st annual profit
Emirates
SkyCargo grows cargo capacity by 17%
Fueled by existing orders for new aircraft, Dubai's Emirates SkyCargo will grow the number of flights across its network by 14 per cent this year and increase cargo capacity by 17 per cent. Weekly cargo capacity will increase by approximately four per cent to Australia, 10 per cent to Europe, 17 per cent to the Middle East, 15 per cent to Africa. The additional capacity will see more than 700 tonnes of cargo capacity added to the Emirates SkyCargo fleet. Capacity to the US will grow eight per … [Read more...] about SkyCargo grows cargo capacity by 17%
Middle East : Emirates Skycargo eyes LA cargo traffic
With the inaugural Emirates non-stop flight between Dubai and Los Angeles now underway, Emirates SkyCargo is anticipating a robust cargo route. Los Angeles International Airport (LAX) is the 12th busiest cargo airport in the world, handling 1.9 million tonnes of cargo last year. Dubai International Airport (DXB) finished one place behind LAX in the rankings at 13th, with 1.7 million tonnes. Initially operating three times a week, Emirates will fly a Boeing 777-200LR on the route, … [Read more...] about Middle East : Emirates Skycargo eyes LA cargo traffic
Emirates
Emirates president Tim Clark expressedconfidence that his airline will post a profit in the current financial year ending31 March, “but maybe we won’t be asprofitable as we might like,” he said. Clarksaid EK will take delivery of new aircraft asscheduled “assuming my friends at Boeingend the strike” and continue to increaseproduction, although it is consideringadding fewer new destinations thanplanned. … [Read more...] about Emirates
