{"id":273934,"date":"2019-05-13T06:32:24","date_gmt":"2019-05-13T06:32:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=273934"},"modified":"2019-05-13T06:32:24","modified_gmt":"2019-05-13T06:32:24","slug":"emirates-airline-profit-dives-69-per-cent-in-tough-year","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/emirates-airline-profit-dives-69-per-cent-in-tough-year\/","title":{"rendered":"Emirates Airline profit dives 69 per cent in \u2018tough\u2019 year"},"content":{"rendered":"<p>Emirates Airline reported a 69 per cent drop in net profits on Thursday on high fuel prices and a strong dollar in what it described as a \u201ctough\u201d year.<\/p>\n<p>The Dubai carrier posted $237 million in net profits for the financial year ending in March compared to $765 million in the previous year, it said in a statement.<\/p>\n<p>\u201c2018-19 has been tough, and our performance was not as strong as we would have liked,\u201d the chairman and chief executive of Emirates Group, Sheikh Ahmed bin Saeed Al-Maktoum, said in a statement.<\/p>\n<p>\u201cHigher oil prices and the strengthened US dollar eroded our earnings, even as competition intensified in our key markets,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Emirates Airline reported a 69 per cent drop in net profits on Thursday on high fuel prices and a strong dollar in what it described as a \u201ctough\u201d year. The Dubai carrier posted $237 million in net profits for the financial year ending in March compared to $765 million in the previous year, it said in a statement. \u201c2018-19 has been tough, and our performance was not as strong as we would have liked,\u201d the chairman and chief executive of Emirates Group, Sheikh Ahmed bin Saeed Al-Maktoum, said in a statement. \u201cHigher oil prices and the strengthened US dollar eroded [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[212,130,144],"tags":[],"class_list":["post-273934","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-pioneer","category-newspapers","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=273934"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273934\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=273934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=273934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=273934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}