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The Emirates Group Emirates Dnata Emirates Group Headquarters Dnata Travel Centre P.O. Box 686, Dubai, United Arab Emirates P.O. Box 1515, Dubai, United Arab Emirates emirates.com dnata.com Annual Report 2007-2008 ekgroup.com The Emirates Group The Emirates Annual Report 2007-2008 The Emirates 004 Group Chairman and Chief Executive, Emirates Airline and Group His Highness Sheikh Ahmed bin Saeed Al-Maktoum It was another record year for the group, though the net profit was impacted in the second half by the continuing high cost of jet fuel, with oil hovering in the US$90 per barrel range. Despite our risk management programmes, the increased fuel cost made a big dent in the second six months, although the impact was partly offset by other operating gains. The Emirates Group returned its 20th consecutive net profit of US$1.45 billion (AED 5.3 billion) with a turnover of US$11.2 billion (AED 41.2 billion). Emirates’ net profit was US$1.37 billion (AED 5.02 billion), while Dnata’s net profit was US$83 million (AED 305 million). 1 2 1 With Richard Vacar, Houston Airport System’s Director of Aviation at 005 inaugural reception 2 City-hopping in Brazil Like all executives, it’s important for me to keep in challenges will be to find more pilots, engineers and close touch with the products, and during the year I cabin crew to operate these state-of-the-art aircraft. was able to do this by leading inaugural delegations to Venice, Toronto, São Paulo and Houston, as well as Being based in Dubai also means that we will attending a ground-breaking ceremony in Australia provide accommodation and other facilities for these for our new eco-friendly resort in the Blue Mountains.
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