A combination of geo-political and macroeconomic factors brought about a sharp reduction in earnings at Emirates Airline in the 2016-17 financial year, the Dubai-based carrier reported May 11. Net profit dropped 82.5% compared to 2015-16, at AED1.25 billion ($340 million) compared to net profit of AED7.13 billion last year. Revenue for the period was static at AED85 billion. Emirates Group chairman & CEO Sheikh Ahmed bin Saeed Al Maktoum said the aviation and travel markets were ...

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