Emirates profit grows 165% in 1H2009; sees large cost & yield reductions; slow recovery ahead

Despite a strong result for the six months to 30-Sep-2009, Emirates Chairman and Chief Executive, Sheikh Ahmed bin Saeed Al-Maktoum, said that while “some say the green shoots of economy recovery are sprouting”, he expects “it will take at least another year or two, before demand for air transport and travel services starts picking up again.”

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