Ecommerce and electronics traffic give Cathay Cargo results a lift
Cathay Cargo’s 2024 results were boosted by ecommerce and electronics, giving it a 11% hike ...
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By Alex Lennane
Emirates Group today warned against protectionism as it announced its 28th consecutive full-year profit: a new record at $2.2bn.
However, it was significantly lower than those of its greatest critics (AA: $6.3bn; Delta: $5.9bn; United: $4.5bn).
The 31-year- old airline said profit for the year ending March 31 was up 50% on last year, although revenue was down 3% to $25.3bn.
The group’s handling subsidiary, dnata, also announced record profits, of $287m.
Calling the low fuel prices a “double-edged sword”, chairman Sheikh Ahmed bin Saeed Al Maktoum, added: “Against ...
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