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Emirates: “modest” profit forecast for FY08/09

24-Apr-2009

Despite all the challenges facing airlines in 2009 and estimated industry-wide losses of USD4.7 billion for the year, Emirates continues to buck the trends seen in the rest of the world. The Executive Vice-Chairman and President of Emirates Group, Maurice Flanagan, has forecast a "modest" profit for the 12 months to 31-Mar-09, an "amazing achievement given the current economic conditions." [1336 words]

Unlock the following content in this report:

Subheadings:

  • Tailoring cabin staff levels
  • Middle East capacity to get a boost in May
  • Boosting African operations with Luanda and Durban services
  • Asia Pacific region gets more capacity

Graphs and data:

  • Emirates net profit: FY03/04 to 1HFY08/09 (USD)
  • Middle East & Industry passenger growth: Feb-2008 to Feb-2009
  • Middle East & Industry passenger growth: Feb-2008 to Feb-2009
  • Middle East & Industry passenger growth: Feb-2008 to Feb-2009
  • Emirates recent Middle East capacity enhancements
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