Ahmed bin Saeed Al Maktoum

Emirates Airline Posts 82.5 Pct Drop In 2016-17 Profit

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Emirates airline said Thursday its 2016-17 profit dropped by 82.5 percent to $340 million, citing fierce competition, currency devaluations and US travel restrictions as major challenges. “Against significant currency devaluations against the US dollar and fare adjustments due to a highly competitive business environment, Emirates managed to keep its revenue stable” at 85.1 billion dirham … Read more

2016/17 Half Year Performance of Emirates Group Released

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The Emirates Group has announced its half-year results for 2016-17. The Group held steady on revenue, but profit was hit by the double impact of a strong US dollar and challenging operating environment for the airline and travel business. The Emirates Group revenue was AED 46.5 billion (US$ 12.7 billion) for the first six months … Read more