Emirates says full-year results will not be as good as in previous years

Emirates will report "positive" full-year results next month but they will not be as good as in previous years due to higher fuel costs and unfavourable currency moves, the company's president said Monday. The Dubai state-owned carrier, which last year warned of a tough second-half, will report results on May 9. "It has not been easy, in terms of the results," Tim Clark said. "We've managed to come ahead with positive results, although it's not as good as it has been in the past." He said the airline was satisfied with its performance given the headwinds it has faced over the past year. First-half profit plunged 86% to its lowest in a decade and Emirates warned in November that relentless downward pressure on margins and uncertain economic and political realties around the world would make for a difficult second-half. Clark said on Monday the airline was no longer growing at the pace it used to due to geopolitical issues in the Middle East and elsewhere.<br/>