Emirates achieved remarkable growth in early 2024-25, with profits reaching AED 10.4 billion (US$ 2.8 billion). Despite facing a new 9% corporate tax, Emirates secured AED 9.3 billion (US$ 2.5 billion) after taxes, showing an impressive milestone. This success highlights Emirates’ strong revenue performance in a competitive market.
Revenues rose to AED 70.8 billion (US$ 19.3 billion), increasing 5% from last year with steady customer demand. Emirates credited this gain to new routes and partnerships that boosted global connectivity. Passenger capacity rose by 5%, serving 26.9 million travelers, while cargo tonnage grew by 16% due to new freighters.
Emirates reinvested in its fleet and services to increase market presence. An AED 44 million initiative added lounges and renovations at top airports. A US$ 4 billion retrofit program upgraded eight aircraft for enhanced travel experiences. Emirates also expanded its retail network with a travel store debut in Hong Kong.
Environmentally, Emirates invested in sustainable fuel (SAF) at key airports and partnered for greener aviation technology. These moves demonstrate Emirates’ commitment to reducing its environmental impact, as it grows operations responsibly.
Emirates kept a strong cash reserve of AED 43.7 billion (US$ 11.9 billion) to support key operations like new aircraft and debt repayments. Dividends and operational costs affected cash flow, yet Emirates remained profitable through efficient cost management.
With a promising outlook for 2024-25, Emirates anticipates strong demand as new aircraft and expanded facilities boost capacity. Emirates’ proactive approach ensures future advancements, leveraging Dubai’s rise as a global hub.
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