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