Iran war, doubling fuel prices knock 66% off Emirates' first-half profit
Emirates Group's first-half net profit plunged 66% to $1 billion as the Iran war disrupted flights across the Gulf and doubled jet fuel prices. Passenger numbers at Emirates airline fell 22%, while cargo revenue rose 52%. The Dubai-based group is relying on cash reserves as geopolitical uncertainty clouds its outlook.
The Villa Vie Odyssey has left Cambodia after its around-the-world voyage was suspended, with fuel costs cited as a reason. Xinhua reported the ship’s departure on Nov. 4, while WXII said Cambodian officials reported that only crew were aboard. CBS News said passengers had been made to disembark; reports described the group as around 200 or as hundreds, and did not confirm the ship’s final destination.
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