Emirates airline posts record annual profit on strong travel demand
- Says it is most profitable aviation group globally in 2024-25 reporting period
Dubai’s Emirates airline on Thursday reported a record full-year profit, boosted by strong international travel demand on major routes.
This is the first financial year that the UAE corporate tax, enacted in 2023, is applied to the Emirates Group, it said. After accounting for the 9% tax charge, the Group’s profit after tax was AED 20.5 billion (US$ 5.6 billion) in the year ended March 31, compared with 17.2 billion dirhams a year earlier.
“This outstanding performance places the Emirates Group as the most profitable aviation group globally in the 2024-25 reporting period, with Emirates reporting the best result in its history to become the world’s most profitable airline,” it said in a statement.
Both Emirates and dnata contributed record revenues in 2024-25, as the Group expanded its operations around the world “to meet voracious customer demand for its high-quality products and services,” it added.
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The group also posted record revenue of AED 145.4 billion ($39.6 billion), up 6% over last year’s results, and declared a dividend of AED 6 billion ($ 1.6 billion) to its owner, the Investment Corporation of Dubai.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group said: “It is no accident that Dubai has produced hugely successful global aviation entities including Emirates and dnata. Dubai’s aviation sector has become an influential force on the global stage thanks to visionary leaders, strategic planning, co-ordinated execution, and strong support from our customers, business partners, and all the people of Dubai.
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