Emirates Airlines has shared that their profits dropped by 80 percent in the last year, a change which they associating with the U.S. travel restrictions, terrorism, and political upheaval.
The airline was forced to cut 20 percent of its weekly flights after the U.S changed security measures, which is part of the reason their profits dropped so significantly. The airline’s parent group the Emirates Group also dropped 70 percent in earnings over the same period.
Despite the profits drop, the airline has reported an increase in revenue from $25.3 billion to around $26 billion. Also some U.S. airlines have stated the Middle Eastern airlines receive money from their government to make up for lost profits.
Emirates also saw an increase in passengers in the year, from 52 million to 56 million.