Emirates to resume superjumbo to New York end-Oct

DUBAI, May 19 (BestGrowthStock) – Dubai government-owned Emirates
[EMIRA.UL] airline said it would restart superjumbo flights to
New York at the end of October, after an increase in traffic
through the Americas boosted revenues.

Emirates, the largest customer for the Airbus (EAD.PA: ) A380
aircraft, said on Wednesday revenue for the Americas in its
financial year 2009/10 rose 8.1 percent year-on-year.

The carrier had pulled the world’s largest passenger plane
off the New York route in June last year after a drop in
traffic, replacing it with a Boeing (BA.N: ) 777 aircraft as the
impact of the global financial crisis swept across the Gulf Arab
region, reducing passenger demand.

The airline posted a fivefold increase in profit to 3.5
billion dirhams ($953.2 million) in the year to March 31 and
said it was aiming for close to 4.25 billion for the group this
year. [ID:nLDE64B0FG]

The carrier, which has $55 billion in orders with Airbus and
Boeing, said it would take delivery of seven A380s and one
Boeing 777 in 2010-2011 and was lining up new purchases.

“Against some of the toughest operating conditions ever
faced, the results for the Americas have been hugely
encouraging,” said President Tim Clark in a statement. “As we
look to 2010-11 and beyond, Emirates will continue to invest in
its products and services to build on the resurgent demand for
air travel within the Americas.”

The airline will look at adding flights to new U.S. cities,
he added.

Emirates is scheduled to receive 11 new wide-body aircraft
in 2010, including Airbus A380s and Boeing 777s, it said.

Emirates operates eight A380 aircraft to London Heathrow,
Toronto, Paris, Jeddah, Bangkok, Seoul, Sydney and Auckland, and
aims to start servicing Beijing and Manchester this year.

Penny Stocks

($1=3.672 Uae Dirham)
(Reporting by Tamara Walid; Editing by Jason Benham and Jon
Loades-Carter)

Emirates to resume superjumbo to New York end-Oct