For the second consecutive year, Dubai’s Emirates Group broke its own record with its $5.1 billion in yearly profits, a 71-percent increase, reported on Monday.
“The Emirates Group has once again raised the bar to deliver a new record performance,” said chairman and chief executive Sheikh Ahmed bin Saeed Al Maktoum. Last year Emirates announced $3.0 billion in profits.
The largest long-haul airline in the world, operated by state-owned Emirates Group, reported record profits last year as it turned a profit following the outbreak.
“The Group’s excellent financial standing today places us in a strong position for future growth and success. It enables us to invest to deliver even better products, services, and more value to our customers and stakeholders,” Sheikh Ahmed said.
The company’s gains for the previous year came after a $1.1 billion loss in the post-pandemic 2021–2022 fiscal year and its first deficit in over thirty years, a $5.5 billion deficit in the Covid–ravaged 2020–2021.
