Emirates Group has announced a generous profit-sharing plan for employees, after it posted a record profit of AED 18.7 billion for the financial year ended March 31, 2024.
A 20-week bonus will be paid to employees after the Group hit new record profit, revenue and cash balance levels.
Both Emirates and dnata saw significant profit and revenue increases in 2023-24, as the Group expanded its operations around the world to meet strong customer demand.
Combined Group profits for the last two years, at AED 29.6 billion, surpass pandemic losses of AED 25.9 billion during 2020-2022.
"We enter our 2024-25 financial year on strong foundations for continued growth. Emirates will receive delivery of 10 new A350 aircraft in 2024-25, adding to our fleet mix and supporting the next phase of its network growth. dnata will continue to leverage synergies and scale across its business divisions to grow its footprint and capabilities," said Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group.
"As always, we will keep a close watch on costs and external factors such as oil prices, currency fluctuations, and volatile environments caused by socio-political changes. Our business model has been tested before, and I am confident in our resilience and ability to respond quickly to opportunities and challenges," he added.
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