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... but Emirates buck the trend

DESPITE SOARING OIL prices and the problems facing the airline industry, Emirates has posted record profits, up more than 62 per cent on the previous year to £740 million. Passenger carryings increased by 3.7 million to 21.2 million.

"Despite the long-term forecast of a decrease in the number of passengers travelling in First and Business Class, I am happy to report that Emirates once again bucked the trend and boosted our seat factor in the forward cabins," said Sheikh Ahmed bin Saeed Al-Maktoum, chairman and chief executive, Emirates Airline and Group.