13 articles · Updated · The Wall Street Journal · May 7
The Dubai carrier reported $6.6 billion for the year to March 31, with revenue rising 3% to $41 billion despite regional airspace disruptions.
Emirates airline alone made $6.2 billion pretax on $35.7 billion revenue, as strong travel demand offset military activity from Feb. 28 that raised fuel costs and disrupted traffic.
Chairman Sheikh Ahmed bin Saeed Al Maktoum said operations have been gradually restored, though passenger capacity remains below pre-disruption levels while cargo has expanded to move essential goods through the UAE.
How did Emirates turn regional war and unprecedented disruption into record-breaking profit?
Can Emirates' success continue under a new 15% tax and looming global fuel shortages?