Emirates, one of the world's biggest long-haul airlines, reported a 21% rise in full-year profit on Sunday, but warned the outbreak of the new coronavirus hit its performance in the fourth quarter of the financial year.
FILE PHOTO: Emirates Airline Boeing 777-300ER planes are seen at Dubai International Airport in Dubai, United Arab Emirates February 15, 2019. REUTERS/Christopher Pike
The Dubai state carrier made 1.1 billion dirhams in the 12 months to March 31, compared to 871 million dirhams a year earlier. Emirates blamed the drop in revenue on runway works at Dubai International airport last year, forcing the airline to reduce capacity for 45 days, and the coronavirus pandemic which has crushed travel demand.
Emirates sister airport services company dnata saw profit drop by 57% to 618 million dirhams, which the company attributed to increased investment in its catering and airport services divisions and weak demand for the travel business.
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