10th November 2008, 09:01 PM
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Member
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Join Date: Mar 2008
Posts: 992
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EK Profit Down 88%
Wow.
Quote:
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Originally Posted by news.com.au
DUBAI'S Emirates airline says its net profit for the first half of the financial year dropped a dramatic 88 per cent to $US77 million ($112.5 million) because of high oil prices.
The largest Middle East carrier said its profit for the six months to September 30 plunged from $US643 million ($939 million) in the same period last year.
"The first half of the year has been very tough for the airline industry, with record fuel prices forcing many carriers to shut shops or consolidate,'' Emirates chairman Sheikh Ahmed bin Saeed al-Maktoum said in a statement.
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