Emirates Still Fighting the US...Nice Profit Elsewhere.

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The Emirates Group has posted a profit of AED4.1 billion (US$1.1 billion) for the financial year ended March 31st, up 67 per cent from last year.

It is the 30th consecutive year of profit for the Dubai-based carrier.
The group’s revenue reached AED102.4 billion (US$27.9 billion), an increase of eight per cent over 2017, while the group’s cash balance increased by 33 per cent to AED25.4 billion (US$6.9 billion) supported by the bond issued in March and strong sales due to the early Easter holidays at the end of March.
In line with the overall profit, the group declared a dividend of AED2 billion (US$545 million) to the Investment Corporation of Dubai.
Sheikh Ahmed bin Saeed Al Maktoum, chairman, Emirates Airline, said: “Business conditions in 2017-18, while improved, remained tough.