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Dubai-owned Emirates Airline set for record results

15 March 2011

Emirates Airline is expected to post record results next month despite regional political turbulence and the rising price of oil.

The Dubai Government-owned carrier is expected to achieve a net profit of about US$2 billion (Dh7.34bn), analysts say.

The airline recorded a first-half result of $925 million in earnings after a 19.4 per cent jump in passenger traffic during the period, running from April to September, compared with the same period in 2009. Its fiscal year closes at the end of this month.

source: thenational.ae

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