The Dubai-based group has announced a significant milestone, reporting a record annual gross profit for the fiscal year 2024-2025, reaching $6.2 billion (approximately €5.5 billion). This marks a consecutive increase of 18% over the previous year, achieving record profits for the third year in a row.
Over the past two fiscal years, the group has seen record profits after experiencing significant losses due to the COVID-19 pandemic crisis. This recovery highlights the resilience and robust recovery efforts of the organization.
Emirates, the largest airline in the region, contributed significantly to these results, with a gross profit of $5.8 billion, reflecting a 20% increase, and a revenue boost of 6% to $34.9 billion (€30.9 billion).
Owned by the Dubai sovereign wealth fund, the group also controls Dnata, an airport services company at Dubai International Airport, noted as the world’s busiest for international traffic. Dnata reported a gross profit of $430 million (€380.8 million).
The group has made strategic investments amounting to $3.8 billion (€3.4 billion) over the last year in new aircraft, infrastructure, equipment, businesses, and advanced technologies to support its expansion plans.
The workforce has expanded by 9%, reaching 121,223 employees, marking the highest level in the company’s history.
As of the end of March, Emirates had 314 aircraft on order, including 61 Airbus A350 and 205 Boeing 777X models. To address delivery delays, the company has announced an upgrade of 219 aircraft at a total cost of $5 billion.
