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Byline: Imtiaz Muqbil
May 3--DUBAI -- In announcing record profits of US$476 million (18.9 billion baht) last week, the management of the Emirates airline and travel group clearly enjoyed taking a few tongue-in-cheek digs at hawkers of conventional wisdom in global aviation, its competitors as well as countries that artificially restrict traffic rights.
The Dubai-based group said its profits for the financial year ending March 31 were up 67 percent over the previous year, on total revenues of $3.8 billion, up 35.5 percent. It paid a dividend of $90 million.
"As usual, we managed to buck the trend of a travel industry which stagnated, at best, for the first three to four months of 2003 with the aftermath of Sars, the conflict in Iraq and the weak ...
Source: HighBeam Research, Bangkok Post, Thailand, Travel Column.