Emirates Group Achieves Record Profit and Revenue in 2023-24

Emirates Group Achieves Record Profit and Revenue in 2023-24/WAM

VoM News Desk | May 13, 2024 | 11:23 PM IST | UAE | Follow on Google News

Emirates Group Achieves Record Profit and Revenue in 2023-24

Emirates Group Achieves Record Profit and Revenue in 2023-24

Key Highlights:

1. The Emirates Group reports a record profit of AED18.7 billion (USD 5.1 billion), up 71% from the previous year.
2. Revenue reaches AED137.3 billion (USD 37.4 billion), with a cash balance of AED47.1 billion (USD 12.8 billion), the highest ever reported.
3. Emirates airline achieves a new record profit of AED17.2 billion (USD 4.7 billion), while dnata sees a 330% increase in profit to AED1.4 billion (USD 387 million).

The Emirates Group has announced its 2023-24 Annual Report, revealing new record profit, revenue, and cash balance levels. With a profit of AED18.7 billion (USD 5.1 billion), up 71% from the previous year, and revenue reaching AED137.3 billion (USD 37.4 billion), the Group continues to thrive amidst global challenges.

Emirates airline achieved a historic profit of AED17.2 billion (USD 4.7 billion), surpassing last year’s result, with a remarkable profit margin of 14.2%. Passenger capacity increased by 20%, nearing pre-pandemic levels, as the airline carried 51.9 million passengers.

Additionally, dnata reported a 330% increase in profit to AED1.4 billion (USD 387 million), with total revenue hitting a new record of AED19.2 billion (USD 5.2 billion). These outstanding results reflect the Group’s resilience and strategic investments in its products, services, and people.

With solid financial standing and continued growth initiatives, the Emirates Group is well-positioned for future success, enabling further investments in enhancing customer experiences, expanding operations, and minimizing environmental impact.

Source: WAM

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