Emirates reports US$ 77m profits
Emirates Airline produced a net profit of Dhs 284 million (US $77
million), for the first six months of its current financial year ending
September 30, 2008.
This is down 88 per cent compared to Dhs 2.36 billion ($643 million)
net profits for the same period in 2007, showing the impact of the
record fuel prices earlier this year.
Chairman and Chief Executive, Emirates Airline and Sheikh Ahmed bin
Saeed Al-Maktoum, Group said:
"The first half of the year has been very tough for the airline
industry, with record fuel prices forcing many carriers to shut shop or
Emirates has worked hard to manage the impact of high fuel prices on
our unit costs, while continuing to grow our business .