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Emirates: Review of 2008/09 financial performance

Emirates’ financial result for the full year 2008/09 – a net profit of approximately USD268 million - stands out among a host of negative reports from airlines across the world and the increasingly stiff competition in the Middle East. It is greatly reduced from the previous year’s record profit of USD1.45 billion, but, in the two worlds of 2008/09 – from soaring fuel prices to slumping demand – this was no mean performance.

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