Emirates posts Dh1.5b profit

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By Abdul Basit  www.khaleejtimes.com

Emirates airline, the world’s largest carrier by international traffic, on Thursday announced Dh1.5 billion annual net profit and said the years ahead will again be more profitable than last.

The fastest growing airline achieved its 24th consecutive year of profit for 2011-12 in challenging economic environment where airlines across the world facing slowdown and losses.

“We are confident that both Emirates and dnata are well positioned for continued future growth and success,” His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, was quoted in Emirates Group’s annual report for 2011-12.

“The evolving global marketplace and development of new hubs for business, finance and culture demand flexibility and innovation. This dynamic growth calls for enhanced aviation and transport infrastructure to link communities and businesses, develop environmental sustainability and expand economic development. The Emirates Group, in parallel with the UAE and Dubai, is meeting today’s global challenges by taking an open, transparent approach to growth based on the UAE’s open skies policy, which promotes competition and free enterprise,” Shaikh Mohammed said. More info

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