May 11, 2017 SOURCE: AFP
Emirates airline posts 82.5 pct drop in 2016-17 profit
Emirates airline said Thursday its 2016-17 profit dropped by 82.5 percent to $340 million, citing fierce competition, currency devaluations and US travel restrictions as major challenges.
"Against significant currency devaluations against the US dollar and fare adjustments due to a highly competitive business environment, Emirates managed to keep its revenue...
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