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
Agoda partners with Saudi Ministry of Hajj to try to attract 30 million pilgrims
UAE carriers join hands to celebrate the legacy of Sheikh Zayed on 47th National Day
Discover the making of a Royal Bisht - gold embroidered Arab cloak
Latest Travel News
UAE carriers join hands to celebrate the...
New Istanbul airport starts operations...
Discover the making of a Royal Bisht - g...
Featured Sights To See
Grand Mosque

Grand Mosque

Kuwait, Kuwait

The largest mosque in Kuwait, and located in a prime location just opposite to the Seif Palace, the Grand Mosque is one of the most important sights in the country and covers an area of over 45,000 square feet. The extensive construction process started in 1979 and was finally completed in 1986, and cost about KD 14 million. This national treasure stands as an epitome of Arab and Muslim beliefs an...

Buckingham Palace

Buckingham Palace

London, United Kingdom

Buckingham Palace was built in 1705 as the London home for the Duke of Buckingham.  Before that the site had been a mulberry garden planted by James I in a futile attempt to raise silkworms.  In 1761, it was bought by George III for Queen Charlotte and in the 1820s it was transformed from “the Queen’s House” into a true royal palace.  Queen Victoria moved in upon her accession in ...

Wasat Al Balad

Wasat Al Balad

Amman, Jordan

It may look dirty, sketchy, and chaotic, and indeed it is dirty, sketchy, and chaotic, but downtown Amman, also known as Wasat Al Balad (center of the nation), is the beating heart of the city.  It's easy to get lost in the winding and hilly streets, lined with shops selling just about everything.  While most of Amman is peaceful and orderly, downtown is awash in humanity.  Despite ...

Chapultepec Park and Zoo

Chapultepec Park and Zoo

Mexico City, Mexico

Address: Between Paseo de La Reforma, Circuito Interior and Av. Constituyentes, Chapultepec District, Mexico City. Phone: 5553 6263 Fax: 55536263 Website: http://www.chapultepec.df.gob.mx/ Email: chapulzoo@sma.df.gob.mx Admission: 5 pesos. The city’s primary zoological garden. Founded in 1923. A current renovation has raised the popularity of the zoo, and an...