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News 29/04/2004   

Emirates posts USD429 million profit for 2003
 
Emirates has posted a record net profit of USD429 million for the financial year ended March 31 - a 73.5 per cent increase on last year’s result.

The airline carried 10.4 million passengers during the year - almost two million more than the previous year - and revenue was up 37 per cent to USD3.6 billion.

Emirates chairman Sheikh Ahmed bin Saeed Al-Maktoum said the airline planned to boost capacity by 26 per cent this year, with the fleet expected to expand at the rate of one new aircraft a month for the rest of this decade.

29 April 2004


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