Emirates Reports Record Profit as Robust Travel Demand Continues
Visitors board an Emirates Airlines passenger aircraft in Dubai, United Arab Emirates.
Photographer: Christopher Pike/BloombergEmirates said it achieved its best-ever financial performance, with group profit for the fiscal year surging 71% to 18.7 billion dirhams ($5.1 billion) as long-haul travel continued to rebound from the pandemic.
Profit at the airline business rose 63% to 17.2 billion dirhams in the financial year ended March, Emirates said in a statement on Monday, while earnings at ground-handling and operations business Dnata more than quadrupled to 1.4 billion dirhams. State-owned Emirates said it plans to pay dividend 4 billion dirhams to its owner, the Investment Corporation of Dubai.