Emirates Airline, cash rich, unlikely to be dragged into Dubai World debt crisis - version 2

Emirates Airline is one of the most high profile and glamorous of the Emirate of Dubai's jewels. So was Dubai World until its massive debt burden started to make it look shaky last year. But, apart from the common link to Dubai's credit stature, that is where the commonality will probably end. Emirates the airline is a cash-flow rich entity, which, according to its most recent annual report, also had cash assets of USD2 billion at 31-Mar-2009. The carrier recently reported an improved, USD204.9 million profit for the six months to 30-Sep-2009; despite a 13.5% fall in revenue for the period, costs had been pruned by 15.8%.