info@airnews.co.za  | +27 31 564 1319 

Connecting Skies Bridging Continents

EMIRATES GROUP CELEBRATES RECORD-BREAKING PROFIT IN 2023-24

The Emirates Group has once again shattered expectations, revealing its 2023-24 Annual Report with figures, setting new records in profit, revenue, and cash balance.

Both Emirates and dnata, subsidiaries of the Emirates Group, witnessed substantial increases in profit and revenue, reflecting the Group’s global expansion efforts to meet soaring customer demand for its premium services and products.


For the financial year ending 31st March 2024, the Emirates Group reported a remarkable profit of AED 18.7 billion (US$ 5.1 billion), marking a remarkable 71% surge compared to the previous year’s AED 10.9 billion (US$ 3.0 billion) profit. The Group’s revenue soared to AED 137.3 billion (US$ 37.4 billion), showcasing a 15% increase over the previous year’s results. Additionally, the Group’s cash balance reached an all-time high of AED 47.1 billion (US$ 12.8 billion), climbing 11% from the previous year.


Combined profits for the past two years totalled an impressive AED 29.6 billion, successfully surpassing the pandemic-induced losses of AED 25.9 billion incurred during 2020-2022.


His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates airline and Group, attributed this remarkable success to the unwavering demand for air transport and travel-related services globally. He praised the Group’s agility in meeting customer needs promptly, emphasising years of continuous investments in products, services, partnerships, and the talent pool.


Sheikh Ahmed credited the visionary leadership of the UAE, particularly His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, for creating an enabling environment for the Emirates Group to thrive. He highlighted the successful business models of both Emirates and dnata, leveraging Dubai’s strategic advantages to generate immense value for Dubai and communities worldwide.


The Group’s robust financial position sets the stage for future growth and success, enabling further investments to enhance products, services, and stakeholder value. Several major projects are already

Share the Post:

RELATED POSTS