DUBAI, - Emirates airline has the financial muscle to withstand higher jet fuel prices and disruption from the Iran war, the Gulf carrier said on Thursday, citing strong cash reserves as it posted a record full-year net profit.
Net profit rose to $5.4 billion in the 12 months to the end of March, from $5.2 billion a year earlier. Higher passenger yields - a measure of ticket prices adjusted for distance flown - offset a slight fall in passenger numbers to 53.2 million.
