Emirates hails record annual profit
The Emirates Group just posted a new all-time record airline profit, as well as best ever revenue, and cash balance levels.
Both Emirates and dnata saw significant profit and revenue increases in 2023-24.
For the financial year with ended in March 2024, the Emirates Group posted a record airline profit of AED18.7 billion (US$ 5.1 billion), up 71% compared to last year.
Group revenue was AED137.3 billion (US$ 37.4 billion), an increase of 15% over last year.
Cash balance was AED47.1 billion (US$ 12.8 billion), which is the highest ever reported.
In the last two years Emirates Group has clawed back all its pandemic era losses.
In 2023-24, the Group collectively invested AED8.8 billion (US$ 2.4 billion) in new aircraft, facilities, equipment technology to support its growth plans.
The total workforce grew by 10% to 112,406 employees, as Emirates and dnata continued recruitment activity to support expanded operations.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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