Emirates group records best ever financial performance with US $ 5.1bn profit

The Emirates group reported the best ever financial performance for the 2023/2024 financial year, with a record profit of US $ 5.1 billion, up 71 percent from last year, a record revenue and a record level of cash assets.
The group revenue increased 15 percent to a new high of US $ 37.4 billion, driven by strong customer demand across its businesses.
While the group ended the year with the highest ever cash balance of US $ 12.8 billion, it declared a dividend of US $ 1.1 billion to its owner, Investment Corporation of Dubai. 
Both Emirates and dnata saw significant profit and revenue increases in 2023-24, as the group expanded its operations around the world to meet strong customer demand for its high-quality products and services.

“Throughout the year, we saw high demand for air transport and travel-related services around the world and because we were able to move quickly to deliver what customers want, we achieved tremendous results.
We are reaping the benefit of years of non-stop investments in our products and services, in building strong partnerships and in the capabilities of our talented people,” said Emirates airline and Group Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum.

Many major projects are already underway, including a multibillion-dollar aircraft fleet and cabin renewal programme, new catering, cargo and ground handling capabilities, advanced technologies to support the group’s operations, expanded training and people development programmes and initiatives to progress the group’s sustainability agenda.
In 2023-24, the group collectively invested US $ 2.4 billion in new aircraft, facilities, equipment, companies and the latest technologies to support its growth plans.