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Emirates on track for USD544.5 million profit this year and finance new aircraft

12-Mar-2010 1:13 PM

Emirates President, Tim Clark, stated the carrier has had a “very good year” and is on track to meet its full year profit target of USD544.5 million in 2009/10 (Reuters, 11-Mar-2010). Mr Clark added the carrier would have no problem financing 11 aircraft deliveries this year and added it would “not be long” until it announces a decision to acquire new aircraft, “when we’re ready”. However, Mr Clark stated if “oil goes back above USD100, we'll be in trouble”.