Dubai-based Emirates Airline recorded a net profit of AED7.13 billion ($1.94 billion) for the 2015-16 financial year ended March 31, up 56.4% compared to a net profit of AED4.6 billion in the previous year. Profit margin was 8.4%, the strongest margin since 2010-11. Revenue for the period dropped 4.3%, to AED85 billion, largely as a result of the strengthening US dollar against many currencies and downward pressure on prices caused by sharply reduced fuel prices. The rising greenback had an ...

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