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Bangkok Post, Thailand, Travel Column.

Bangkok Post (Bangkok, Thailand)

| May 03, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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