Emirates profit doubles, warns against multilateral liberalisation

Emirates has reported a doubling in first half net profit to

USD643 million on the back of surging revenues (+26% year-on-year) and passenger

numbers (+23%). However, Chairman & CEO, Sheikh Ahmed bin Saeed Al Maktoum,

warned that fuel costs "remain a serious challenge" for the remainder

of the year. Emirates' costs rose 19% in the first half, with fuel accounting

for almost 28% of total costs.

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