A stewardess of Emirates Airlines, stands in the first class during a presentation of Emirates' Boeing 777 at the airport in Hamburg, April 11, 2018. REUTERS/Fabian Bimmer
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Emirates, the world's biggest long-haul airline, said a rebound in earnings over the past year faces a challenge this summer as a pilot shortage forces the Dubai-based carrier to trim frequencies. Sales that stumbled after the low oil price clipped travel in Persian Gulf economies continued to pick up in the second half through March 31, President Tim Clark said Wednesday in Hamburg. While the rising oil price is boosting Gulf economies and hence local demand for travel, a 25 percent gain over the past year presents a "challenge" for Emirates, which does not hedge, Clark said.
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