Posts Tagged "Economic"
Airlines
Emirates net profit drops 61% due to Fuel Costs
Emirates Group has posted a Net Profit of $626 million for year from 2011 to 2012 ending March 31st, a noticeable drop of 61% which is being blamed on rising fuel costs and unprecedented economic pressures in the region. Previously Net Profit stood at $1.6 billion, although Chairman and Chief Executive Sheikh Ahmed bin Saeed al-Maktoum…
