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.

Revenue from airline Emirates for example, only remained stable at 11.8 billion, up 0.4 percent from a year earlier, but the Emirates' profits, up 416 percent to 964 million U.S. dollars.

That's because Emirates airline total operating costs down 2.7 percent over the previous year. And, the decline in fuel costs in the years 2009-2010 amounted to 691 million U.S. dollars.

Last year, Emirates' fleet is also added with 15 new aircraft, four Airbus A380s, 10 Boeing 777-300ER and one Boeing 777-200 LR aircraft cargo. So that at the end of the financial year, Emirates' fleet reached 142 aircraft, includes four freighters.