Archive for April, 2010
Emirates scored 1.1 Billion Dollar Profit
Emirates Group, which consists of the airline Emirates, Dnata, and its subsidiaries, posted a net profit of 1.1 billion U.S. dollars in the 2009-31 financial year March 31 March 2010. Profit increased by 248 percent, compared to earnings the previous year.
“Last year was a year with a profit rate that is sustainable, even though the world is in recession. This is the result of adapting the spirit in bad condition,” said Emirates Chairman Group, Your Highness Sheik Ahmed bin Saeed Al Maktoum.
Sheik Ahmed said Emirates’ growth because of competition not because of protectionism. And the key to success in 2009 was the effective transfer of staff, ability to retain talented employees, and unpaid leave programs voluntarily.
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