NEWS Emirates Airline reports 2015-16 profits up 56.4%
Dubai-based Emirates Airline recorded a net profit of $1.94 billion for the 2015-16 financial year ended March 31, up 56.4% compared to a net profit in the previous year. Profit margin was 8.4%, the strongest margin since 2010-11. Revenue for the period dropped 4.3%, to AED85 billion, largely as a result of the strengthening US…