Emirates profits jump as currency moves outweigh pricier fuel

Emirates profits jump as currency moves outweigh pricier fuel:

"Dubai’s Emirates Airline profits for its financial year ending in March more than doubled to 2.8bn dirhams ($762m) as strong cargo performance and favourable currency movements offset rising oil prices. The turnround in profit growth comes after Emirates’ poor results in the previous full-year period, when confidence plummeted on political instability and lower oil prices hampered demand in its home region. Profit then slumped by 82 per cent. Regional carriers have been struggling to cope with these headwinds. Etihad is reviewing operations and focusing on sustainability after deep losses. Emirates has launched a code-share partnership with its sister low-cost airline Flydubai. Qatar Airways, Emirates’ main regional competitor, has been hit hard by a trade and travel embargo imposed by four Arab states, including the United Arab Emirates."



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