PPRuNe Forums - View Single Post - Emirates First Half Profit up 99%
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Old 9th Nov 2007, 11:23
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thefoxandfirkin
 
Join Date: Apr 2007
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Lets face it, revenue might be significantly up but a key reason why the company is making money hand over fist is because over half of the revenue is derived from the UK and Europe. This revenue is in Sterling and Euros. Now bear in mind that most of the expenditure is in US Dollars this means the currency exchange is having a geared effect on the results and hence more profit.

Ding dong!... and the first half of the year is supposed to always be quieter than the second!!

So let's face it, who knows what could happen between now and 31st March but the 25th May 2008 has got to be worth waiting for at the moment ..maybe


I won't put a tab behind the bar just yet!

The Fox and Firkin
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