Air Transport World

Emirates: East)(Emirates Group)

The Middle East's largest airline continues to flourish. It recorded its 18th consecutive profit for the year ended March 31, earning $674 million, while parent Emirates Group posted a record net profit of $762.2 million. "Profitability through growth seems to have become a theme of Emirates for the past decade," Chairman and CEO Sheikh Ahmed Bin Saeed Al-Maktoum said.

Traffic in the FY grew 20% to 62.3 billion RPKs on a 19% capacity rise and the number of passengers carried increased 16% to 14.5 million. Emirates added 16 aircraft during the year, bringing its fleet to 91, and ordered 42 777s at the Dubai Air Show last November. It will add an average of one aircraft per month over the next eight years and operate a fleet of 156 by 2010. …

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