Emirates posts significant drop in profits at 237 million

DUBAI, United Arab Emirates — The Middle East’s biggest airline, Emirates, says profits were down almost 70% in the past fiscal year, reaching lows of $237 million, compared to last year’s whopping $762 million.The Dubai-based airline’s parent company Emirates Group also posted lower profits at $631 million, down 44% from last year.Still, Emirates Group noted a record year for revenue at nearly $30 billion. Revenue for the airline was slightly up at $26.7 billion.The company said on Thursday that operating costs had increased substantially as it footed its biggest-ever fuel bill at more than $8 billion on the back of oil prices that climbed 25% higher over the last year.The company also says a strengthened U.S. dollar, lower airfreight demand and weakened travel demand contributed to eroded 2018-19 earnings.The Associated Press read more

CCTV video footage shows attack on Colombo night club

A security officer at the club sustained serious injuries in the incident and was admitted to hospital.A police complaint was lodged over the incident. (Colombo Gazette) The group who attacked the club used poles, including cricket wickets and caused extensive damage to the property. The attack took place after the son of the VVIP had left the club following an argument with the security officers at the club. CCTV video footage which surfaced on social media today shows the attack on a Colombo night club.The attack on the Clique night club in Colombo early Saturday morning reportedly involved supporters of a son of a VVIP.