Emirates blamed fuel prices for an 88% plunge in fiscal first-half profit to AED284 million ($77.3 million) from the AED2.36 billion earned in the six months ended Sept. 30, 2007. Chairman and CEO Ahmed bin Saeed Al-Maktoum said the semester "has been very tough for the airline industry" and that EK "has worked hard to manage the impact of high fuel prices on our unit costs while continuing to grow our business." Operating revenue climbed 31% year-over-year to AED22.1 billion but fuel costs ...

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