May 9, 2019 / 6:09 AM / 2 months ago

Emirates airline report 69 percent drop in full year profit

DUBAI, May 9 (Reuters) - Emirates airline reported a 69 percent fall in full-year profit on Thursday, which it blamed on higher oil prices, a strong dollar and instensified competition.

The airline, owned by the government of Dubai, made a net profit of 871 million dirhams ($237 million) in the year to March 31, compared with 2.8 billion dirhams in the previous year. ($1 = 3.6728 UAE dirham) (Reporting by Alexander Cornwell; Editing by Kirsten Donovan)

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