Emirates to post 'modest' profit

07 April 2009

Maurice Flanagan, Executive Vice-Chairman and Group President of Emirates, told Emirates Business that the airline will show a 'modest' profit in the financial year which ended March 31, 2009. Emirates has also said that it would delay declaring its financial results by a couple of weeks past April 30. 'Finances this year were far more complex, with fuel costs going volatile and all that kind of thing,' Flanagan said. 'We will make a modest profit this year. It is an amazing achievement given the current economic conditions.'

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications