© Arseniy Rogov

Emirates saw profits more than double over the 12 months to March and according to the Financial Times cargo had a role to play. The results are in stark contrast to those announced a year ago, when the carrier was hit by “plummeting” confidence linked to political instability and low oil prices. Overall group revenues climbed 8% to $25.2bn – for the cargo readers, this division reported a 17% upturn in earnings – leading to a 67% surge in profits ($1.1bn).

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