Dubai’s Emirates Group reported a yearly profit of 10.9 billion dirhams ($3 billion) and an 81% revenue growth to $33 billion on Thursday.
Emirates Group, which includes Emirates Airlines and dnata, made $2.9 billion. After a $5.5 billion loss in 2021-22, the state-owned carrier lost $1.1 billion.
Chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum stated the airline had ” fully recovered” from the epidemic.
“As the last travel restrictions lifted and triggered a tide of demand, we were ready to expand our operations quickly,” he added.
Emirates reported filling 79.5% of tickets, up from 58.6% a year earlier, and flying to 150 destinations, up from 140.
The group’s worldwide airport and travel services company, dnata, generated $90 million, increasing 201% year-over-year.
Emirates has pledged $200 million to a fossil fuel research fund to help commercial aircraft reach net zero emissions ambitions.
In 2022–23, Emirates Group invested $2 billion in new airplanes, buildings, equipment, companies, and technology.
According to it, its order book is 200 aircraft.
In 2023-24, Sheikh Ahmed stated the group intended to be profitable “while keeping a close watch on inflation, high fuel prices, and political and economic uncertainty.”
