THE EMIRATES Group has posted record net profits of US$476 million (R2,74bn) for the financial year 2003-04 ended March 31, representing a 67% improvement over the previous year. Total revenue also reached an all-time high of $3.8 billion (R21,84bn), which is up 35.5% from last year. Emirates SkyCargo moved nearly 660 000 tonnes in the year for an increase of 26%. The airline’s five dedicated freighters now fly to seven cargo-only destinations and provide nearly one-third of the total cargo revenue, while the bellies of Emirates’ all-wide-body passenger aircraft support air freight services to the other 67 cities in the Emirates SkyCargo network.
