Dubai-based Emirates Airline recorded a net profit of AED786 million ($214 million) for the first half of its 2016-17 financial year, down 75% from AED3.1 billion in the year-ago period. Revenue for the period was down 1% to AED41.9 billion. The airline said the figures reflected increased market competition that resulted in lower fares, together with unfavorable currency movements because of the strength of the dollar. Additional adverse factors included dampened demand as a result of a ...

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