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Emirates predicts profit for current financial year will be affected by fuel costs
Airline Industry Information, Feb 3, 2005
AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD
Emirates, a Dubai government-owned airline, will see its profits for the second half of the financial year affected by the high fuel costs, according to an airline representative.
The airline has however said that despite the high prices on fuel, it is hoping for a positive year in the financial year to 31 March 2005.
Emirates will be receiving one new aircraft a month for the next seven years, starting from March 2005, Reuters reported. The deliveries are part of the expansion plans of the airline.
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