Tags: ML | Emirates | Earns

Emirates Airline Posts Boost in Annual Profits to $762M

Wednesday, 09 May 2018 03:37 AM EDT

DUBAI, United Arab Emirates (AP) — Emirates, the Middle East's largest airline, says revenue improved over the past fiscal year, reaching $25.2 billion, with profits rising to $762 million.

The Dubai-based airline credited a recovery in the global air cargo industry and the strengthening of key currencies against the U.S. dollar for the boost.

Last year, the airline's profits had fallen by more than 80 percent from the previous year to $340 million as it grappled with a slump in demand linked to a range of headwinds, from political upheaval and terrorism in Europe to tougher travel restrictions to the U.S. Overall profits were down 70 percent to $670 million.

On Wednesday, Emirates Group, which operates the airline, said its overall profits peaked at just over $1 billion and revenue reached a record $27.2 billion.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Emirates, the Middle East's largest airline, says revenue improved over the past fiscal year, reaching $25.2 billion, with profits rising to $762 million.The Dubai-based airline credited a recovery in the global air cargo industry and the strengthening of key currencies...
ML,Emirates,Earns
134
2018-37-09
Wednesday, 09 May 2018 03:37 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved