Emirates heads north
Published: Nov 02, 2010
Global - Middle Eastern airline Emirates saw its profits more than quadrupled in the last six months, driven by strengthening business worldwide.
The carrier saw a 17.3% increase in passenger traffic compared to a year ago, while cargo tonnage was up 23.7%.
Emirates is hoping to dominate all Europe-Asia routes, BBC reported, having ordered 32 Airbus super jumbos and 30 Boeing 777s this year.
It was previously accused of getting unfair state subsidies. Pierre-Henri Gourgeon, chief executive of Air France said Emirates had benefited from cheap airport and fuel taxes at its hub.
Sheikh Ahmed bin Saeed al-Maktoum, chief executive of the airline rebutted that Emirates continued to invest in its profits for the growing of the business.
"Our healthy financial position enables us to successfully meet all of our financial commitments and raise financing for future aircraft deliveries," he added.
Managing people? For HR and leadership strategy, Human Resources has it covered.
Get your marketing department up to speed with Asia's most read marketing site
Emirates Related Stories:
- More pain predicted before market recovers
- Airlines named in cargo cartel scandal
- Emirates SkyCargo ups capacity
- Emirates offering up to 6months unpaid leave
- Emirates slapped with price fixing charge
- Air New Zealand embroiled in cartel allegations
- Emirates bullish through Dubai crisis
- Emirates bumps up cargo capacity
- Emirates A380 grounded
- Emirates profits up five-fold
- Emirates raises the bar
- Emirates spreads wings into India
- Emirates SkyCargo goes the distance
- Emirates to fly to Ho Chi Minh
- Australia to boost air transport
- Airlines link up, Myanmar’s tender