Emirates Airline sees pace of growth slowing: president
DUBAI - Dubai state-owned airline Emirates will report “positive” full-year results next month but they will not be as good as in previous years due to higher fuel costs and unfavourable currency moves, the company’s president said on Monday.
The Dubai state-owned carrier, which last year warned of a tough second-half, will report results on May 9. “We’ve managed to come ahead with positive results, although it’s not as good as it has been in the past.” First-half profit plunged 86 percent to its lowest in a decade and Emirates warned in November that relentless downward pressure on margins and uncertain economic and political realties around the world would make for a difficult second-half.
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