The group recorded a $670 million profit for the year to the end of March 2017, with the airline making a $340 million contribution and the tour and airport operator and ground handler dnata making its highest ever profit of $330 million.
The Emirates airline reported “significant currency devaluations” against the US dollar and lower fares “due to a highly competitive business environment”. The group added: “The relentless rise of the US dollar against currencies in most of Emirates’ key markets had a $572 million impact on airline revenue, and to the airline’s bottom line.” The ban on cabin electronic devices on flights to the US also had an effect, it said.
