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Flying high: Emirates group achieves record-breaking half-year profits

A surge in global travel demand drives Dubai airline's golden run.

A surge in global travel demand drives Dubai airline’s golden run.

Profit Soars by 138%:

In a remarkable financial feat, the Emirates Group has achieved another record performance, reporting a half-year profit of Dh10.1 billion ($2.7 billion). This marks an extraordinary surge of 138% compared to the previous year. The significant boost is attributed to the resurgence of international travel and the group’s near full return to operating capacity.

20% Growth in Group Revenue:

Accompanying the stellar profit figures is a substantial growth in group revenue, rising by an impressive 20% to Dh67.3 billion ($18.3 billion) from Dh56.3 billion. 

This robust increase underscores the Emirates Group’s resilience and successful navigation of the challenges posed by the aviation industry.

Near-Record Full-Year Profit Milestone:

Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, expressed satisfaction with the outstanding financial performance. 

He highlighted that the first six months of 2023-24 have nearly matched the record full-year profit achieved in the fiscal year 2022-23. This consistency in success demonstrates the group’s prowess in sustaining and building upon its achievements.

Impact of International Travel Surge:

The surge in profit and revenue is primarily attributed to the renewed vigor in international travel, with regions worldwide contributing to the group’s success. The near full return to operating capacity further emphasizes the positive trajectory of the aviation sector.

In summary, the Emirates Group’s record-breaking half-year profits signify not only financial success but also resilience and adaptability in an ever-changing industry landscape. The remarkable figures and near-record full-year profit achievement affirm the group’s position as a leader in the aviation sector, adept at capitalizing on opportunities and overcoming challenges.

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