Airlines

Emirates Group posts record US$ 6.2 billion profit

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Emirates Airbus A350 departing Dubai. (Photo: Emirates)

The Emirates Group has announced its strongest financial performance to date, reporting a record AED 22.7 billion (US$ 6.2 billion) profit for the 2024–25 fiscal year, making it the most profitable aviation group globally.

The group’s annual revenue rose by 6% to AED 145.4 billion (US$ 39.6 billion), supported by strong customer demand and global expansion. Its EBITDA reached an all-time high of AED 42.2 billion (US$ 11.5 billion), with cash assets also climbing to a record AED 53.4 billion (US$ 14.6 billion), up 13% year-on-year.

Emirates airline led the surge, achieving a historic profit of AED 21.2 billion (US$ 5.8 billion)—a 20% increase—on revenues of AED 127.9 billion (US$ 34.9 billion). This cements its position as the world’s most profitable airline in the reporting period.

Ground services subsidiary dnata also delivered strong results, posting a record AED 1.6 billion (US$ 430 million) profit and AED 21.1 billion (US$ 5.8 billion) in revenue, up 10% from the previous year.

The Group declared a dividend of AED 6.0 billion (US$ 1.6 billion) to its owner, the Investment Corporation of Dubai. Notably, the results include the newly implemented 9% UAE corporate tax, which brought post-tax profits to AED 20.5 billion (US$ 5.6 billion).

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and CEO of Emirates airline and Group, credited the Group’s success to Dubai’s strategic vision, consistent investment in innovation, and a focus on customer satisfaction.

“We don’t cut corners, and we don’t take shortcuts that put our future at risk for short term gains,” Sheikh Ahmed said. “By building our business models around these principles and Dubai’s unique strengths, the Emirates Group has thrived.”

The Group invested AED 14.0 billion (US$ 3.8 billion) this year in new aircraft, technology, and infrastructure to support growth. Its workforce reached a record 121,223 employees, reflecting a 9% increase driven by global recruitment efforts.

Looking ahead, Emirates plans to expand its fleet with 16 Airbus A350s and 4 Boeing 777 freighters by 2026, boosting capacity across its network. Its cabin retrofit program also continues, with an aim to enhance consistency across its A380, 777, and incoming A350 aircraft.

Sheikh Ahmed expressed confidence in navigating upcoming market challenges, citing the Group’s financial resilience and growth strategy.

Written by
Dirk Andrei Salcedo

Dirk is the founder and editor-in-chief of Aviation Updates Philippines (AUP), a platform dedicated to providing the latest news and insights on the aviation industry in the Philippines. With a strong passion for aviation and a background in computer engineering, he manages all aspects of AUP, from website development to content curation.

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