Emirates Group reports record $3 billion annual profit – Reuters

Emirates Group reports record $3 billion annual profit – Reuters

DUBAI, May 11 (Reuters) - Dubai's Emirates Group on Thursday said financial year 2022-23 had been its most profitable so far, reporting an annual profit of 10.9 billion dirhams ($3 billion) and a group revenue increase of 81% to $33 billion.

Emirates airline, which along with airport services business dnata makes up Emirates Group, made a $2.9 billion profit. The state-owned carrier had posted an annual loss of $1.1 billion for 2021-22, following a $5.5 billion loss the year before that.

The airline had made a "full recovery" since the hit to demand caused by the pandemic, Chairman and Chief Executive Officer Sheikh Ahmed bin Saeed Al Maktoum said.