Air Transport World

Emirates Group.

Emirates Group reported that earnings grew 15.6% to 429 million dirhams ($116.9 million) in the year to March 31 on an 8.8% rise in revenues to 4.8 billion dirhams. A breakdown of FY98-99 results showed Emirates airline profits increased 19.3% to 313 million dirhams while profits at Dnata rose 6.6% to 116 million dirhams.

Chairman Sheikh Ahmed bin Saeed al-Maktoum warned of a tough year ahead as Asia slowly recovers while yields remain under pressure amid higher fuel prices. …

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