- Emirates, the world's largest long-haul airline, has announced record annual profits, underlining its strong position for future growth driven by an expanded route network and increased capacity to meet robust global travel demand. The airline remains optimistic about sustained demand in the coming months while closely monitoring costs and fuel prices. In its financial year ending March 31, Emirates reported a profit of Dh17.2 billion ($4.7 billion), marking a 63% increase from the previous year, fueled by significant travel demand across various customer segments.
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The airline's revenue also surged by 13% annually to Dh121.2 billion despite currency fluctuations, reflecting increased passenger numbers throughout the year. Despite facing industry headwinds such as high fuel prices, Emirates' financial performance demonstrates resilience and adaptability. The company remains bullish about future growth prospects, emphasizing its commitment to closely managing costs and external factors while capitalizing on opportunities.
Why it matters
Dubai's plans to expand aviation infrastructure, including a new passenger terminal at Al Maktoum International Airport, are expected to further support Emirates' and dnata's expansion plans and enhance the city's aviation and logistics capabilities.
