General Travel News

Emirates Group Records 21st Year Of Consecutive Profit

Despite the unprecedented challenges for the airline and travel industry, Emirates Group recorded its 21st year of consecutive profit for the 2008/2009 financial year.  For the financial year ending 31 March 2009, the group’s net profit was Dh 1.49 billion ($406 million).   This is a 72% drop from the prior year’s record profits of Dh 5.3 billion ($1.45 million).    The large fall in profit is due to the record high fuel prices in the first half of the year, and the impact of the global economic recession. 

Revenues for the financial year increased 10.4% to Dh 46.3 billion ($12.6 billion) from the prior years Dh41.9 billion ($11.4 billion).   Chief Executive for Emirates Airline and Group said “We have returned our 21st consecutive year of net profit, and although it is a 72 per cent decrease on the previous years all-time record profit, under the circumstances this is still a satisfactory result.”
 

More General Travel News
Swiss Belhotel to open 4 new hotels in the GCC
Abu Dhabi and Wizz Air announce establishment of new low cost airline
Emirates touches down in Mexico City
Latest Travel News
Abu Dhabi and Wizz Air announce establis...
Emirates touches down in Mexico City...
Air Arabia named as Middle East and Afr...
Featured Sights To See
Heritage/Bedouin Village

Heritage/Bedouin Village

Abu Dhabi, United Arab Emirates

This Village in Abu Dhabi convincingly portrays the itinerant Bedouin lifestyle. The innovative dwellers of Abu Dhabi not only lived a Bedouin existence but also had sundry professions. Heritage Village is an artificially made development that reflects and showcases the country’s traditional past prior to the discovery of oil and the developments that came about with it. It depicts a typical Bedou...

Shah Abbasi caravansary

Shah Abbasi caravansary

Tehran, Iran

close to the bazaar, it was the traditional residential area of the traders who would come to sell their wares. The architecture is still intact. ...

Dong Yue Miao

Dong Yue Miao

Beijing, China

This is one of the finest temples dedicated to Daoism. This was built in the early 1320s to honor the god Dong Yue thought to reside in the mountain known as Tai Shan.  This god's duties entailed looking after the different levels of hell as well as after the over 70 departments each of which were dedicated to a specific cause such as accumulating wealth, pity/ sympathy, etc.  Believers ...

The Cabildo

The Cabildo

Buenos Aires, Argentina

The Cabildo, situated opposite the Casa Rosada is the only surviving government building from colonial times so is worth the exploration, especially if you have an interest in architecture.  ...