Emirates Posts Record Annual Profit as Regional Conflict Disrupts Operations
Emirates reported a record full-year after-tax profit of $5.4 billion for the 12 months to the end of March, up from $5.2 billion a year earlier, as stronger passenger yields offset a small fall in passenger numbers. The carrier and its parent group navigated severe disruption after the U.S.-Israeli war with Iran began on Feb. 28, which temporarily…