Google+ Followers

Thursday, 11 May 2017

Emirates Profit Drops 70% on Stuttering Economies, Terror Impact - Bloomberg

Emirates Profit Drops 70% on Stuttering Economies, Terror Impact - Bloomberg:

"Emirates Group, the biggest long-haul airline, posted its first decline in annual profit for five years as the low oil price weighed on Persian Gulf economies and terrorist attacks discouraged people from traveling. Net income for the 12 months ended March 31 tumbled 70 percent to 2.5 billion dirhams ($681 million) as revenue edged 2 percent higher to 94.7 billion dirhams, Dubai-based Emirates said Thursday. The company suspended dividend payments to its government shareholder."



'via Blog this'