Emirates Group records full-year profit of AED18.7 billion

Emirates Group records full-year profit of AED18.7 billion

The Emirates Group today released its 2023-24 Annual Report, hitting new record profit, revenue, and cash balance levels. Both Emirates and dnata saw significant profit and revenue increases in 2023-24, as the Group expanded its operations around the world to meet strong customer demand for its high-quality products and services. For the financial year ended 31st March 2024, the Emirates Group posted a record profit of AED18.7 billion (US$ 5.1 billion), up 71% compared with an AED10.9 billion (US$ 3.0 billion) profit for last year. The Group’s revenue was AED137.3 billion (US$ 37.4 billion), an increase of 15% over last year’s results. The Group’s cash balance was AED47.1 billion (US$ 12.8 billion), the highest ever reported, up 11% from last year. Combined Group profits for the last 2 years, at AED29.6 billion, surpass pandemic losses of AED25.9 billion during 2020-2022. H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group, said, “The Emirates Group has once again raised the bar to deliver a new record performance. Throughout the year, we saw high demand for air transport and travel related services around the world, and because we were able to move quickly to deliver what customers want, we achieved tremendous