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Emirates Airline Posts Record Net Profit Despite War Impact
- On Thursday, Emirates announced a record full-year pre-tax profit of 24.4 billion dirhams, citing strong cash reserves as essential for navigating rising fuel costs and operational disruptions from the conflict in Iran.
- The Emirates Group reported revenue growth of 3 per cent year on year, maintaining robust financial position amid the ongoing regional conflict in The Gulf.
- Despite slight passenger decline, the airline restored 96 per cent of its global network since disruptions began, carrying 4.7 million passengers over the period.
- CEO Sheikh Ahmed stated, "The Emirates Group enters with very strong cash reserves," enabling the carrier to progress with plans without knee-jerk cost control measures.
- Aircraft deliveries and retrofits "will continue apace," said Group Chairman Sheikh Ahmed, with the group holding $15 billion in cash reserves at March year-end.
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34 Articles
Emirates posts record profits for third consecutive year
Dubai-based airline Emirates posted record annual profits for the third consecutive year, allowing it to hold on to its claim of being the world’s most profitable carrier despite the Iran war effectively shutting down its home airport at the end of the reporting period.The airline had a pre-tax profit of 24.4 billion dirhams ($6.6 billion) for the financial year ending March 31, up 7% year-on-year. However, passenger numbers were slightly down, …
·New York, United States
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·United Kingdom
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The Emirates Group announced on Thursday a net annual profit increase of 3%, to $5.7 billion, despite the Middle East War.
·Montreal, Canada
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Coverage Details
Total News Sources34
Leaning Left3Leaning Right4Center4Last UpdatedBias Distribution37% Center, 36% Right
Bias Distribution
- 37% of the sources are Center, 36% of the sources lean Right
37% Center
L 27%
C 37%
R 36%
Factuality
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