Emirates Group posts 21st consecutive profits

21/05/2009 - Dubai Investment News
Emirates Group posts 21st consecutive profits

Emirates Group has announced that it has achieved profits for the 21st consecutive year during the 2008-09 period.

In its annual results, the Dubai-based airliner announced that its total net profits for the period stood at AED1.49 billion, although this was down on the record profits seen in the previous year.

The company attributed this drop in large part to the high fuel margins that impacted on profitability over the first quarter of the 2008-09 financial year.

Kerosene prices have since fallen considerably, which could indicate that the group may post even stronger results next year.

Commenting on the company's performances, Sheikh Ahmed bin Saeed Al-Maktoum, chairman and chief executive of Emirates Airline and Group, said that the firm had achieved a significant milestone with the delivery of its new A380 craft.

In other recent developments, Emirates recently took home four best-in-class awards at the annual Business Traveler Middle East awards, in news that may be of interest to those booking flights to visit property for sale in Dubai.ADNFCR-2019-ID-19182166-ADNFCR