Emirates Group has announced record profit and revenue levels for its latest financial year.
For the 12 months to the end of March, the Dubai-based aviation services giant posted a record pre-tax profit of AED22.7bn (€5.5bn), which was up 18% on the previous 12 months.
Revenue, for the latest year, also reached record levels to AED145.4bn (€35.1bn). The Emirates Group takes in various cargo, airport services and engineering services businesses; as well as the eponymous Emirates commercial airline brand.
Emirates – the airline – on its own saw a record profit of AED21.2bn (€5.1bn), up 20%, and a record revenue of AED127.9bn (€30.1bn), up 6% on the previous year; becoming the world’s most profitable airline.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group said: “It is no accident that Dubai has produced hugely successful global aviation entities including Emirates and dnata. Dubai’s aviation sector has become an influential force on the global stage thanks to visionary leaders, strategic planning, co-ordinated execution, and strong support from our customers, business partners, and all the people of Dubai.
“When the government set up Emirates 40 years ago and we began expanding dnata’s capabilities to support the city’s growth, we had a clear mission – be the best at what we do; and deliver value to Dubai, our stakeholders, and the communities we serve.
“With that in mind, we’ve kept a laser focus on providing great products and services, and we continually invest in technology and talent to increase our competitive edge. We look after our people and our customers, and we work hard to positively impact our communities. We don’t cut corners, and we don’t take shortcuts that put our future at risk for short term gains. By building our business models around these principles and Dubai’s unique strengths, the Emirates Group has thrived and stayed resilient through geo-political and socio-economic challenges over the years.”
