Sharp decline at the giant airline! Its profit melted by 66 percent

Emirates Group, parent of the world's largest international airline, reported after-tax profit of 3.6 billion dirhams for the first half of its fiscal year, down 66% from 10.6 billion dirhams a year earlier. Management attributed the sharp decline to conflicts in the Middle East and rising fuel prices. The drop at the Dubai-based group matters because it signals how geopolitical risk and energy costs are squeezing even the strongest global carriers. Investors will watch whether the airline can recover margins in the second half as fuel prices and regional tensions evolve.