State-owned Emirates Group operates the world's largest long-haul carrier.
Emirates Group, comprised of Emirates airline and dnata, has announced its most profitable year ever, soaring to a record AED 18.7 billion (US$ 5.1 billion) profit for the fiscal year ending March 31, 2024. This represents a remarkable 71% increase compared to the previous year’s already impressive performance. The group’s revenue reached a staggering AED 137.3 billion (US$ 37.4 billion), a 15% jump year-over-year, fueled by strong customer demand across its businesses.
Emirates airline alone reported a record AED 17.2 billion (US$ 4.7 billion) profit, a 63% increase, driven by strategic capacity deployment, network optimization, and strong partnerships. The airline carried 51.9 million passengers, reflecting the continued global appetite for air travel. dnata, the group’s air services and travel solutions provider, also achieved a record profit of AED 1.4 billion (US$ 381 million), a significant 330% increase, boosted by organic growth and strategic acquisitions.
The Group’s cash balance reached a robust AED 47.1 billion (US$ 12.8 billion), the highest ever reported, enabling continued investment in future growth initiatives, including fleet modernization, infrastructure upgrades, and innovative product development. This record performance underscores the effectiveness of Emirates Group’s long-term strategy, its commitment to customer service, and its ability to adapt to evolving market dynamics. This strong financial position allows Emirates to further enhance its offerings, expand its global reach, and contribute significantly to the economies it serves. The group continues to be a major employer, with a global workforce exceeding 112,000 employees, representing over 160 nationalities.
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