Emirates posts record results

EMIRATES SKYCARGO has played a key role in the record performance of the Emirates Group which announced net profits of Dhs 2.8 billion (US $762 million) for the financial year ended March 31, 2006 - up 5% from the previous year’s record profits of Dhs 2.7 billion ($726 million). The cargo division set a new record with over one million tonnes of cargo carried, up more than 180 000 tonnes, or 21.5% from last year’s 838 400 tonnes – reflecting strong growth from across the network. The cargo division’s revenue of Dhs 4.5 billion ($1.2 billion) was Dhs 1 billion ($274 million) or 29.2% higher than the year before, and contributed 21% to the airline’s transport revenue. During the year, five freighter aircraft - two Boeing 747-400Fs and three A310-300Fs – were added to the fleet. Scheduled freighters now operate to 26 destinations. In all, Emirates SkyCargo carries freight in 92 aircraft, including nine freighters, to 83 cities.