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 ...

Subscribe to Access this Entire Article

"Emirates Airline sees full-year profits slump on external factors" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.