Friday 15 January 2016

UAE: US Dollar 'eroding' Emirates profits, says airline chief

The strong US dollar is “continuing to erode” Emirates Airline’s profits while regional conflicts threaten to “disrupt” operations, the group’s president has lamented.

2015 was a year of considerable growth for the airline and it “would not be slowing down in 2016”.

However, the group continues to grapple with global currency fluctuations, the fall in oil price and political insecurity in the Middle East.

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