Emirates swings to record annual profit amid soaring ‘tide’ of travel demand – The National

Emirates swings to record annual profit amid soaring ‘tide’ of travel demand – The National

Emirates, the world's largest long-haul airline, swung to a record annual profit on strong travel demand as governments reopened international borders and lifted pandemic-related restrictions.

The airline posted a Dh10.6 billion ($2.9 billion) profit in the fiscal year that ended on March 31, compared with a Dh3.9 billion loss in the previous year, Emirates said on Thursday.

Revenue jumped 81 per cent to Dh107.4 billion, as the airline more than doubled the number of passengers carried, restored most of its global network and reinstated more passenger flights after the lifting of Covid-19 travel restrictions.