Emirates Airline’s 2018-19 profits have fallen 69% to AED871 million ($237 million), under the strain of high fuel prices, “cut throat” competition and unfavorable exchange rates. “2018-19 has been tough, and our performance was not as strong as we would have liked. Higher oil prices and the strengthened US dollar eroded our earnings, even as competition intensified in our key markets. The uptick in global airfreight demand from the previous year appears to have gone ...

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