Emirates profits down 72%
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The Emirates group, the largest airline in the Middle East, has reported a fall in profits of 72% for the 2008/09 fiscal year. The group, like many others around the world, has been hit hard by the global slowdown and high fuel prices. Its profit of 1.49bn dirhams (US$406m) for the year to March 31 compared with a 5.3bn dirham profit for the previous year.
Also last week, British Airways reported a record loss of
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