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Old 13th May 2013, 06:38
  #176 (permalink)  
what_goes_up
 
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The number was a big one, but for an operation the size of Emirates it looks like a poor performance.
This is poor performance indeed. With a trading profit margin of only 4%, whereas it should be 7 to 8% to (self) sustain such a growth, there is not much meat on the bone... There will be a lot of (expensive) external fund raising needed to keep the ship floating.

In the real world the management would have a hard time to explain such a performance to the stake holders and would, most probably, be replaced for under performing badly.

Once again shiny figures but if you dig a bit deeper, it doesn't look too good.

Last edited by what_goes_up; 13th May 2013 at 06:39.
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