ArabianBusiness.com - Middle East Business News
Monday, 09 November 2009 06:44 UAE time

YOUR DIRECTORY /

| Share |

Emirates profit soars 40%

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Monday, 14 April 2008
EARNINGS CLIMB: Emirates posted full-year profit of $1.36 billion, Al-Khaleej reported.
EARNINGS CLIMB: Emirates posted full-year profit of $1.36 billion, Al-Khaleej reported.

Dubai-based Emirates airline posted a rise of at least 40% in profit in the last fiscal year to more than 5 billion dirhams ($1.36 billion), Al-Khaleej newspaper reported on Monday.

Profit rose in the year to March 31 after the airline carried more passengers and cargo, the newspaper reported, citing unidentified sources.

A spokeswoman for Emirates could not immediately comment on the report.

Story continues below ↓
advertisement

Emirates Vice Chairman Maurice Flanagan said the state-owned carrier would probably post a profit of at least $1 billion in the fiscal year, UAE daily Emirates Business 24/7 reported in February. (Reuters)

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST TRANSPORTATION

  1. Gulf Air workers stage labour protest
  2. Emirates posts 165% rise in H1 profit
  3. 59% Dubai residents still to ride metro - poll
  4. No price uplift seen on homes near metro - Landmark
  5. Saudia eyes 58 planes in fleet revamp

TOP MIDDLE EAST BUSINESS STORIES

  1. Saudi plans boost to petro production
  2. 52% of MENA firms eye staff hiring - survey
  3. Credit bureaus combine to form regional group
  4. Mideast needs to improve insolvency rules - World Bank
  5. Kuwait swine flu fatalities rise to 24

ALSO IN MIDDLE EAST TRANSPORTATION

  1. Dubai gov't repays $1bn aviation bond
  2. Etihad set to receive new cargo aircraft in 2010
  3. RTA unveils new plan for driver safety in Dubai
  4. Dubai's Floating Bridge to stay for 5 more years – paper
  5. Gulf Air workers stage labour protest

LATEST MIDDLE EAST BUSINESS NEWS

  1. Banking & Finance: Dubai gov't repays $1bn aviation bond
  2. Personal Finance: Credit bureaus combine to form regional group
  3. Healthcare: Kuwait swine flu fatalities rise to 24
  4. Politics & Economics: Mideast needs to improve insolvency rules - World Bank
  5. Travel & Hospitality: ADNH sees net profit up by 28% but hotels suffer

SHARE PRICE CHECK

RELATED STORIES

Emirates Airline
| 55 stories
  1. Emirates launches flight to Angolan capital on Oct 25
    22 Oct '09 | News
  2. Emirates urges Boeing to develop new long haul plane
    11 Oct '09 | News
  3. Bahrain's Gulf Air may renegotiate plane orders - CEO
    23 Aug '09 | News

 EMAIL ALERTS

  1. Emirates Airline

  2. Transportation


CURRENCY CONVERTOR

Tell us your story

CURRENT ISSUE


 

READER COMMENTS

  1. The tipping scandal 12
    08 Nov ' 09 at 16:32
    Steve you are 100% right. Managers and bosses have no right to use tip money for any other purpose than todistribute it to the staff...   More  »
  2. The party's just beginning 10
    08 Nov ' 09 at 18:31
    The recession may be coming to an end, but my guess is that there is no party in sight, just a depression! The typical line i hear in...   More  »
  3. Al Habtoor chief upbeat on Dubai future 08
    08 Nov ' 09 at 20:55
    I agree with Mr Khalafs comments, yesterday is gone,tomorrow nobody seen, what he is expecting beyound tomorow ,is his positive...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY