High fuel prices hit Emirates profits

Airline Emirates today blamed record fuel prices for a sharp fall in profits.

High fuel prices hit Emirates profits
Mon, 10 Nov, 2008 - 12:08

Airline Emirates today blamed record fuel prices for a sharp fall in profits.

Net profits for the period between April and September slumped 88% to $77m (€59.6m), which Emirates chairman and chief executive Sheikh Ahmed bin Saeed Al-Maktoum said reflected a “very tough” period for the industry as a whole.

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