Air Transport World

Emirates'.(AFRICA/MIDDLE EAST Report)(Emirates Airline financial news)(Financial report)(Brief article)

Emirates' net income for its full fiscal year ended March 31 totaled AED5 billion ($1.36 billion), up 62.1% over AED3.1 billion in the prior year, as the fast-expanding carrier marked its 20th straight year of profitability.

"I believe the threat of an economic downturn will be off-set for Emirates by the boom in the Middle East, especially the thriving travel industry of tourism and commerce," Chairman and CEO Ahmed bin Saeed Al-Maktoum said. But President Tim Clark told ATW in Dubai that while EK's profitability will sustain, it will have to take further measures to control costs and increase fuel efficiency. …

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