Emirates records record profit for FY2010-11 despite challenging 4Q
Emirates has overcome a challenging final quarter, which included political instability in its home region and skyrocketing oil prices, to post a record profit for FY2010-11. The Dubai-based airline group turned a net profit of AED5.9 billion (USD1.6 billion) for the year ended 31-Mar-2011, extending its incredible profit streak to 23 years. Group revenue surged 26% in FY2010-11 to AED 57.4 billion.
