Emirates profits fall

Emirates Airline reported an 82% fall in profit for its fiscal year 2016-17 to AED 1.3 billion (US$ 340 million), with a profit margin of 1.5%. Chairman and Chief Executive, Emirates Airline and Group, Sheikh Ahmed bin Saeed Al Maktoum, said the year was “one of our most challenging years to date”, pointing to the impact of Brexit, Europe’s immigration challenges and terror attacks, new policies impacting air travel into the US, currency devaluation and funds repatriation issues in parts of Africa, as well as “the continued knock-on effect of a sluggish oil and gas industry on business confidence and