Dubai-based Emirates Airline (EK) reported a 72.1% drop in net profit of AED1.5 billion ($409 million) in the 2011-12 financial year, compared to last year’s net profit of AED5.4 billion.
Emirates A380. By Rob Finlayson Dubai-based Emirates Airline (EK) reported a 72.1% drop in net profit of AED1.5 billion ($409 million) in the 2011-12 financial year, compared to last year’s net profit of AED5.4 billion. The company cited the “stifling” cost of fuel as the reason for the decline. The drop came despite a 14.9% rise in revenue over the preceding year to a record AED62.3 billion. The Emirates Group, which includes airport and airline support company ...
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