Emirates Group announces 2023-24 results.

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The group reports the best-ever financial performance with a record profit of AED 18.7 billion (US$ 5.1 billion), up 71% from last year, record revenue, and a record level of cash assets.

Group revenue increased 15% to a new high of AED 137.3 billion (US$ 37.4 billion), driven by strong customer demand.

Ends year with highest-ever cash balance of AED 47.1 billion (US$ 12.8 billion).

The Group declared a dividend of AED 4.0 billion (US$1.1 billion) to its owner, the Investment Corporation of Dubai (ICD). 

Chairman credits record performance to Dubai’s progressive policies, says profits enable further investments in new aircraft, facilities and equipment, technology, products and services, and its people.

Emirates reports new record profit of AED 17.2 billion (US$ 4.7 billion), up 63% from AED 10.6 billion (US$ 2.9 billion) last year.

Revenue rose 13% to AED 121.2 billion (US$ 33.0 billion), as the airline deployed more capacity, and continued to strengthen its global network and partnerships.

Airline capacity increased by 20% to 57.7 billion ATKMs, closing the gap to pre-pandemic levels.

dnata reports a profit of AED 1.4 billion (US$ 0.4 billion), significantly improved from its AED 331 million (US$ 90 million) profit last year.

Revenue increased 29% to hit a new record AED 19.2 billion (US$ 5.2 billion), reflecting increased customer flight activity and travel demand across its UAE and worldwide business divisions. 

Expands customer portfolio with new contracts, adds lounge facilities in new global markets, and invests in new equipment and technologies to enhance operations and services.


 

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