John Felix, senior vice-president of Emirates Holidays has said the company plans to increase revenues by nearly 50% by 2012 and is targeting a double-digit year-on-year growth for its current financial year, which ends in March 2011, Emirates Business has reported. "We lost nearly 20% of our normal business last year, with the financial meltdown, the H1N1 health scare and Ramadan moving forward," Felix told the newspaper.