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Emirates soars to record profit despite Iran war grounding planes

Dubai airline says it has restored most flights after conflict closed airspace and sent jet fuel prices soaring

Emirates reported record results despite the turmoil triggered by the war in the Middle East, which grounded part of its aircraft fleet during the final month of the financial year. 

The Dubai-owned airline said it had faced “significant challenges” since the US-Israeli strikes on Iran that began on February 28 sparked a region-wide conflict that closed airspace and led to thousands of flights being cancelled.

Emirates said it had now restored about three-quarters of its pre-conflict flights, covering 96 per cent of worldwide destinations. The Dubai carrier also said it had sufficient fuel to restore its operations fully and insisted it was against any “knee-jerk cost control measures” to deal with a global jet fuel shortage.

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