2018-11-15
 
Emirates Airline announced Thursday its first-half profit fell 86 percent on higher fuel costs and unfavorable exchange rates.
 
Emirates, the world's largest long-haul airline, posted 226 million dirhams ($ 62 million) in the six months to Sept. 30, up from 1.7 billion a year earlier.
 
Revenues rose 10 percent to 48.9 billion dirhams.
Thierry Antinori, chief executive of the company's business affairs, warned on Tuesday of pressure on profits from rising fuel costs and a strong dollar. Concerns about the global economy and political instability also weakened profits, he said.