Emirates Group reports record profit for 2023-24
In two years, the company earned a profit of 8.1 billion dollars. Emirates has placed an order for 205 aircraft for the expansion of its air fleet. Dubai International Press Agency. United Arab Emirates airline ” Emirates” announced an annual profit of 5.1 billion dollars, which is 71% more than last year. The airline made a profit for the second year in a row. The record is set. Citing strong consumer demand, Emirates said the company’s profits reached $ 8.1 billion in the past two years, which were affected by the pandemic during 2020-2022, the Arab Business Journal reported. The disadvantages are far greater. (to be continued) Emirates Group Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum said in a statement that Emirates Group has once again achieved a new record performance. The year had announced a record profit of 3 billion dollars.
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This was a return to profit after the Corona epidemic, while Emirates had a loss of 1.1 billion dollars in 2021-2022 during the global outbreak. The company was forced to ground its fleet and lay off staff during the Corona crisis. Sheikh Ahmad bin Saeed Al Maktoum said that the Group’s excellent financial position today has placed us in a strong position for future growth and success, enabling us to invest in providing even better products and services to our customers and stakeholders. He said the Group made a record profit of $ 4.7 billion, with the airline business alone growing by 63 percent. The Emirates group also includes airport services company De Nata, which more than quadrupled its profit. Has reached 400 million dollars. Emirates Group’s workforce grew by 10 % to a record 112,406. The planes have been ordered.
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