Airline Emirates warns oil, dollar to hit first-half profit | Reuters:
Emirates earnings are being squeezed by higher oil prices, a strong dollar, and instability in the global economy, the airline’s chief commercial officer said on Tuesday.
The warning came ahead of Emirates’ half-year financial results for the period ending September 30, which will be released on Thursday.
“The profit will be badly hit by the fuel,” Thierry Antinori said at an aviation conference in Dubai, adding that the airline’s fuel costs had risen by 40 percent. “It’s difficult to manage.”
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