DUBAI, Nov 15 (Reuters) - Emirates airline on Thursday reported an 86 percent fall in first-half profit, as higher fuel costs and unfavourable currency exchange rates eroded earnings.
Emirates, the world’s biggest long-haul airline, made 226 million dirhams ($62 million) in the six months to Sept. 30, compared to 1.7 billion a year earlier.
Revenue rose 10 percent to 48.9 billion dirhams.
Chief Commercial Officer Thierry Antinori warned on Tuesday earnings would be squeezed by higher fuel costs and a strong dollar. Concerns about the global economy and political instability had also weakened profit, he said. ($1 = 3.6728 UAE dirham) (Reporting by Alexander Cornwell; Editing by Adrian Croft)