Middle East Airlines (MEA) announced a $94 million net profit compared to $98.5 million in 2015. Net profit margin increased by one percent to 14 percent.
Revenues declined 11 percent and reached $672 million, in spite of a two percent increase in passengers through Rafic Hariri Beirut International Airport (RHBIA). The drop was offset by falling oil prices during the period.
A source at the company said that the decrease in revenues is linked to a 13 percent decline in average ti...
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Revenues declined 11 percent and reached $672 million, in spite of a two percent increase in passengers through Rafic Hariri Beirut International Airport (RHBIA). The drop was offset by falling oil prices during the period.
A source at the company said that the decrease in revenues is linked to a 13 percent decline in average ti...
Article details
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