Dubai’s Emirates to post strong profit as passenger demand surges, says top official

Dubai’s Emirates to post strong profit as passenger demand surges, says top official

Dubai’s flag carrier Emirates expects to post strong profits in its May 2023 annual report, a top airline official has revealed. While details of the earnings will be not be disclosed now, the airline’s Chief Commercial Officer Adnan Kazim said: “The initial indication looks positive and we are seeing the same strong six months that we have seen in terms of the results as we are progressing towards the last quarter of the financial year.” And as far as Emirates is concerned, passenger demand shows no signs of slowing down despite larger macroeconomic concerns such as inflation and fluctuating oil prices. He said: “We have seen a very strong December (2022) in terms of (passenger) demand. The flights were almost full, reflecting positively on the visitor numbers to Dubai, where the Emirate’s Department of Economy and Tourism monthly report showed hotels in the city were showing 100 per cent occupancy, and tourist numbers were exceeding 21 million. And this shows where Dubai is standing in terms of point-to-point traffic.” The Emirates Group announced a record half-year profit of Dh4.2 billion in November 2022 after recording a loss of Dh5.7 billion in 2021. The group’s revenue was up 128 per cent