Emirates Airlines continues to buck the global trend, posting a net profit of Dh752 million ($205 million) during the first six months of its current fiscal year. This is 165 percent higher than the Dh284 million, ($77 million) net profit it made during the same period last fiscal year, and comes at a time when the global aviation industry is set to lose Dh41 billion this year. The increased profits came mainly from an 18 percent capacity growth with the addition of eight new aircraft, bringing its total fleet to 130, and two new destinations. Emirates Airlines entered its 25th year of operations last month.
Emirates Airline revenues fell 13.5 percent to Dh19.0 billion ($5.2 billion), down from Dh22.9 billion ($6.1 billion) last year due to fewer passenger and lower cargo yields. Profitability was not effected because the airline also reduced costs by 15.8 percent to Dh19.0 billion ($5.2 billion), down from Dh22.6 billion ($6.1 billion) last year.
Cairo Land 1, Salah Salem St Tel: 364-5251/364-0430 Dream Park 6th October City Tel: 840-0887 Fun Planet Arkadia Mall, Downtown Tel: 579-2076 Geneina Mall Badrawi St, off Abbass El Akkad St, Nasr City Tel: 263-0745 Gero Land Obour City, Ismailia Rd Tel: 477-1435/33/34 Magic Land Media Production City, 6th October Tel: 835-7166 Pharaon...
When it opened in 1934, the High Line was a major infrastructure project. It was built for freight trains coming into New York, and got rid of hazardous at-grade intersections at a cost of $2 billion in today’s dollars. The tracks actually were built through warehouses and factories so that trains could be directly unloaded into their destination. In the 1950s, however, rail traffic began to de...
The Cataract Pyramids Resort's has both an indoor and outdoor children's area. The indoor children's area includes a children's club with rocking horses, toys, and paddling pool (good for children under four years of age). The outdoor children's area includes a playground with swings, slides, a trampoline, fiberglass funhouses, and a pool for children older than four-years-old. Th...
This vivacious district should not be missed. The market sells squid and crabs in pails; chickens, pigeons, bread, cheese, and mangoes from the West Indies; salted fish from Portugal, lace, fabrics, and everything you can think of. Kensinton Avenue is a gem of a place too with a wealth of vintage clothing stores, shops selling knickknacks and a delicious global cheese shop. Timings: Mon-Sat...