Emirates hails record annual profit

Monday, 13 May, 2024 0

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.

Learn more about : Emirates ( Asia Pecific )

TravelMole Editorial Team

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.

Welcome to Eurail! Your official sales channel for Eurail Passes—you won’t find a better one-stop shop to spark your curiosity....

The Mexico Tourism Board serves as the driving force behind Mexico’s global appeal, orchestrating targeted marketing campaigns to showcase the...

We’re here to provide the very best experience in train travel. From booking your ticket, to asking us a question...

A state like no other. A place known for togetherness, celebration and happiness. In Louisiana, we call it “joie de...

The Paris 2024 Organising Committee for the Olympic and Paralympic Games is responsible for planning, organising, financing and delivering the...

In the heart of Europe, in one of the most innovative cities in the world, at the centre of business,...

Travel Outlook, the premier hotel call center™ Travel Outlook is an innovative, custom off-site central reservations office (CRO) service that...

Chargebacks911 offers scalable solutions that are customized for any business of any size in any industry. With the flexibility to...

ECOMMPAY is an international payment service provider and direct bank card acquirer, engineering bespoke payment solutions for clients worldwide. Our...

Celebrating its 30-year anniversary in 2022, Regent Seven Seas Cruises® offers guests An Unrivaled Experience® with every luxury included. Carrying...

Global Hotel Alliance brings together a unique collection of independent hospitality brands for GHA DISCOVERY, a multi-brand loyalty programme. GHA...

Welcome to Qatar Airways Qatar Airways is proud to be one of the youngest global airlines to serve all...

From the beginning, ATI’s philosophy has been “innovation, not duplication.“ Developing specialized technology solutions to connect over 30,000 accommodation, attracti...

Since its launch in 1999, TravelMole.com has become, one of the largest global online travel industry communities. It is comprised...

With long periods of Thailand’s History, according to evidences and studies, Sukhothai was the first kingdom of Thailand. At that time, an early Thai...