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.'

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