Dubai, United Arab Emirates – The Emirates Group has reported its strongest-ever annual financial results for the fiscal year 2024-25, setting new benchmarks across profit, revenue, EBITDA, and cash reserves. Emirates airline emerged as the world’s most profitable airline, while dnata also delivered record performance across its business segments.

• The Emirates Group recorded a pre-tax profit of AED 22.7 billion (US$ 6.2 billion), up 18% year-on-year.

• Total revenue rose 6% to AED 145.4 billion (US$ 39.6 billion), while cash assets grew 13% to AED 53.4 billion (US$ 14.6 billion).

• Emirates airline achieved record profit of AED 21.2 billion (US$ 5.8 billion), with revenue at AED 127.9 billion (US$ 34.9 billion), and carried 53.7 million passengers.

• dnata delivered AED 1.6 billion (US$ 430 million) in profit and AED 21.1 billion (US$ 5.8 billion) in revenue, with key contributions from ground handling and catering.

• The Group announced a dividend of AED 6.0 billion (US$ 1.6 billion) to the Investment Corporation of Dubai.

• Emirates’ fleet grew to 260 aircraft, with 4 A350s added and a total of 314 pending deliveries including A350s, Boeing 777x, 787s, and 777Fs.

• Emirates SkyCargo carried 2.3 million tonnes of goods and secured significant fleet and network expansion.

• The Group invested AED 14.0 billion (US$ 3.8 billion) in assets and growth initiatives.

• Employee headcount reached a record 121,223, driven by global recruitment to support expansion.

• Emirates and dnata made strides in sustainability, including use of SAF, electric ground vehicles, solar energy, and waste upcycling projects.

Statements:

• 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. When the government set up Emirates 40 years ago and we began expanding dnata’s capabilities to support the city’s growth, we had a clear mission – be the best at what we do; and deliver value to Dubai, our stakeholders, and the communities we serve. With that in mind, we’ve kept a laser focus on providing great products and services, and we continually invest in technology and talent to increase our competitive edge. We look after our people and our customers, and we work hard to positively impact our communities. We don’t cut corners, and we don’t take shortcuts that put our future at risk for short term gains. By building our business models around these principles and Dubai’s unique strengths, the Emirates Group has thrived and stayed resilient through geo-political and socio-economic challenges over the years.”

• HH Sheikh Ahmed added: “For 2024-25, the Emirates Group has raised the bar to set new records for profit, revenue, and cash assets. Through the year, Emirates and dnata were able to move quickly to meet the strong demand for air transport services across markets and win over customers – thanks to our non-stop investments in our people, in building partnerships, and in delivering great products and services. I’d like to thank our amazing people at the Emirates Group for achieving another record year, and our customers and partners for their trust and support. My gratitude to Dubai’s visionary leaders HH Sheikh Mohammed bin Rashid Al Maktoum, and his sons HH Sheikh Hamdan and HH Sheikh Maktoum, for their continued leadership and stewardship of Dubai’s strategy, in which the Emirates Group is proud to play a key role.”

• Commenting on the outlook for 2025-26, Sheikh Ahmed said: “We enter the year ahead with excitement and optimism. Our excellent financial standing enables us to continue building on and scaling up from our successful business models. While some markets are jittery about trade and travel restrictions, volatility is not new in our industry. We simply adapt and navigate around these challenges.  “Emirates will strengthen our network connectivity with the expected delivery of 16 A350s and 4 Boeing 777 freighters in 2025-26, providing much-needed capacity to meet customer demand. Our retrofit programme will continue apace to provide our customers the latest Emirates products and a more consistent experience across our A380, 777 and A350 fleet. dnata is on a steady growth path with facility investments coming to fruition in key markets, including the opening of new facilities in Amsterdam, Dubai and Erbil next year which will significantly expand our cargo handling capacity and capabilities. Work is already underway at the new Al Maktoum International airport (DWC) and broader development around Dubai South. Our planning teams are working closely with Dubai airports and other entities to design and deliver the future of aviation and the best possible travel experiences. We’ve set high targets for ourselves, but I am confident that our talented workforce and Dubai’s winning formula will empower the Emirates Group to forge an even brighter future, and deliver even more value to the people, cities and communities we serve.”  

Source: Emirates
Photo Credit: Emirates