HomeBusiness Travel NewsEmirates Posts Record Annual Profit for 2023; Erodes Pandemic Losses

Emirates Posts Record Annual Profit for 2023; Erodes Pandemic Losses

Emirates has reported its best ever annual financial performance – posting a record group profit of AED18.7bn (€4.7bn) for 2023.

The profit figure represented a 71% yearly jump. Group revenue, meanwhile, increased 15% to a record high of AED137.3bn (€34.7bn).

The group figures take in both Emirates and airport services business dnata (Dubai National Air Travel Agency).

On its own, the Emirates airline generated its own record profit of AED17.2bn (€4.3bn) for the year. This was up 63% on 2022 levels.

Combined group profits for the last 2 years, at AED29.6bn, surpass pandemic losses of AED25.9bn during 2020-2022.

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group said: “The Emirates Group has once again raised the bar to deliver a new record performance. Throughout the year, we saw high demand for air transport and travel related services around the world, and because we were able to move quickly to deliver what customers want, we achieved tremendous results. We are reaping the benefit of years of non-stop investments in our products and services, in building strong partnerships, and in the capabilities of our talented people.”

“The group’s excellent financial standing today places us in a strong position for future growth and success. It enables us to invest to deliver even better products, services, and more value to our customers and stakeholders.” 

Geoff Percival
Geoff Percival
Geoff has worked in business, news, consumer and travel journalism for more than 25 years; having worked for and contributed to the likes of The Irish Examiner, Business & Finance, Business Plus, The Sunday Times, The Irish News, Senior Times, and The Sunday Tribune.

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