Register for our free newsletter

 
 
Latest News

Boost for Emirates Group as net profit tops $1 billion

Chairman and CEO of Emirates Airline, Sheik Ahmed bin Saeed Al Maktoum credits cost containment with the carrier's strong results.

May 12, 2010 10:04 by



Emirates Airline posted 2009 fiscal year net profits of AED 3.5 billion, or $954 million, up from AED 982 million a year earlier, Zawya reported Wednesday. The balance of net profits was posted by Dnata to give Emirates Group a full year profit for 2009-2010 of $1.1 billion.

The airline posted a 20 percent rise in passenger numbers on the year, the report added.

At a press conference, Emirates’ carrier’s chairman, Sheik Ahmed bin Saeed Al Maktoum credited “cost containment” for the company’s strong financial performance in 2009, Zawya said.

Emirates’ fiscal year ends March 31st.



Tags: , , ,

Leave a Comment