Emirates airline has announced a record full-year net profit of $5.4 billion, asserting its robust financial position to navigate rising jet fuel costs and disruption from the conflict in Iran .

The Gulf carrier , posting results on Thursday, cited strong cash reserves as key to its resilience.

Net profit for the 12 months ending March 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 decline in passenger numbers, which stood at 53.2 million.

Group Chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum expressed hope for a swift resolution to regional hostilities. "We hope for a clear resolution to the hostilities soon, and a return to market stability.…