DUBAI: Emirates Group has reported a historic profit of AED 22.7 billion (US$ 6.2 billion) for the financial year 2024-25, making it the world’s most profitable aviation group. This marks an 18% increase from the previous year and reflects surging global demand for air travel and logistics.
The Group also posted record revenue of AED 145.4 billion (US$ 39.6 billion), an all-time high EBITDA of AED 42.2 billion (US$ 11.5 billion), and cash assets of AED 53.4 billion (US$ 14.6 billion). After a 9% UAE corporate tax deduction introduced in 2023, the Group’s profit after tax stood at AED 20.5 billion (US$ 5.6 billion).
Emirates airline alone clocked AED 21.2 billion (US$ 5.8 billion) in profit, with revenue rising 6% to AED 127.9 billion (US$ 34.9 billion). It carried 53.7 million passengers, launched routes to Bogotá and Madagascar, and introduced 4 Airbus A350s to its fleet. Despite aircraft delivery delays, Emirates expanded its retrofit programme to 219 aircraft and ended the year with 260 aircraft in service.
dnata also saw solid gains, reporting AED 1.6 billion (US$ 430 million) in profit and AED 21.1 billion (US$ 5.8 billion) in revenue, up 10%. Cash assets reached AED 3.7 billion (US$ 1 billion).
The Group invested AED 14 billion (US$ 3.8 billion) in future growth, with employee numbers hitting a record 121,223. Emirates’ fuel costs dropped by 5% due to lower global prices and hedging, despite increased flight activity.
Sheikh Ahmed bin Saeed Al Maktoum credited Dubai’s strategic vision, customer focus, and resilience for the results, calling 2024-25 “another record year” and expressing optimism for 2025-26.
The 2024-25 Annual Report of the Emirates Group – comprising Emirates, dnata and their subsidiaries – is available at: www.theemiratesgroup.com/annualreport.
