PPRuNe Forums - View Single Post - Emirates and profit
View Single Post
Old 1st Apr 2009, 05:40
  #8 (permalink)  
Craic Ore
 
Join Date: Sep 2006
Location: A land far, far away
Posts: 100
Likes: 0
Received 0 Likes on 0 Posts
My two fils......

I'm guessing about 500mil US profit, about a third of the target set last year, hence no profit share. The weaker first half profit was about 15% of last years and although forward bookings for the second half were probably strong, the rise of the USD killed the usual gain associated with all the pax buying from the stronger currencies of the EU, Auz, etc.

I'd be totally SHOCKED if we got any sort of profit share, with the target being inevitably missed. Like I said in an earlier post, you have to weigh what's stronger in this region - greed or saving face? I'm still sticking with greed.
Craic Ore is offline