Emirates Group Reports $6.2 Billion Profit; Fleet Expansion Continues

Dubai-based Emirates Group, which operates the region’s largest airline, has reported a record annual gross profit of $6.2 billion—its third consecutive year of breaking profit records. After accounting for the UAE’s newly implemented corporate tax, which applied for a full financial year for the first time, the group’s net profit stood at $5.6 billion.

Chairman Sheikh Ahmed bin Saeed Al Maktoum highlighted the company’s strong performance, stating that Emirates Group has reached new highs in profit, revenue, and cash reserves. The group made significant investments totalling $3.8 billion in aircraft, infrastructure, and technology to support future expansion.

Emirates Group Reports $6.2 Billion Profit; Fleet Expansion Continues

The company’s workforce also grew by 9 percent, reaching a record 121,223 employees. A dividend of $1.6 billion was declared to its parent entity, the Investment Corporation of Dubai.

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Focusing solely on the airline, Emirates recorded a pre-tax profit of $5.8 billion, a 20 percent increase year-on-year, with total revenue up by 6 percent to $34.9 billion.

Meanwhile, Emirates’ ground services division, Dnata, also saw record performance with a pre-tax profit of $430 million—marking a 2 percent increase from the previous year.

The state-owned aviation group continues to hold the title of the world’s largest long-haul airline. As of March, it had 314 aircraft on order, including 61 Airbus A350s and 205 Boeing 777x planes. The group is also in the process of retrofitting 219 aircraft, a $5 billion project intended to offset delivery delays of new aircraft. Sheikh Ahmed previously stated that 90 percent of the airline’s fleet would be retrofitted to maintain operational efficiency.

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