Emirates chairman warns it will be 18-months before aviation industry recovers - Arabianbusiness:
Chairman of Emirates Group Sheikh Ahmed bin Saeed Al-Maktoum has conceded that it will take at least 18 months for travel demand to return to "a semblance of normality".
The Dubai carrier, the largest in the Middle East, posted AED1.1billion ($288 million) in net profit for the financial year ending March, up from $237m the previous year.
It was the 32nd straight year of profit for Emirates, which operates a fleet of 115 Airbus A-380 superjumbos and 155 Boeing-777 airliners.
Al-Maktoum said the airline had performed strongly in the first 11 months of the fiscal year.
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