DUBAI, United Arab Emirates (AP) - The chief commercial officer at Emirates, the Middle East’s largest airline, has resigned after profits dipped to their lowest level in years.
Emirates on Sunday confirmed Thierry Antinori’s resignation. It says Adnan Kazim, who currently oversees a division tasked with revenue optimization and strategic planning, was named acting CCO in addition to his current responsibilities.
The changes come days after the Dubai-based airline said its profits fell nearly 70% in the past fiscal year, reaching lows of $237 million largely due to higher fuel costs, a strengthened U.S. dollar and stagnant passenger growth.
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