Emirates Posts Record Profit Despite Iran War as Hedges Cushion Turmoil
Emirates reported record profit despite disruptions from the Iran war that grounded planes, with cash reserves and fuel hedging helping the airline ride out the turmoil. The carrier’s CEO said Emirates is well hedged on fuel until 2028-29.
Employees were allocated a lower bonus this year after the war-related disruptions pushed profit below the initial projection that forms the basis for the payout.
From the sources (4 posts)
@firstsquawkEMIRATES IS "WELL-HEDGED UNTIL 2028-29" ON FUEL: CEO
@ftEmirates soars to record profit despite Iran war grounding planes
@businessEmirates employees were allocated a lower bonus this year after the disruptions from the Iran war pushed the airline’s profit below the initial projection that forms the basis for the payout
@reutersEmirates' cash reserves, fuel hedging help airline ride out Iran war turmoil