Emirates Soars to USD 4.7 Billion Profit, Marking Post-Pandemic Recovery

Emirates reported record profits of $4.7 billion in 2023, following disrupted years due to the COVID-19 pandemic. Revenues reached $33 billion, with 51.9 million passengers carried. The airline attributed its success to meeting customer demand and investing in products and services. Emirates' results align with those of Dubai International Airport, the world's busiest for international travel.

PTI | Dubai | Updated: 13-05-2024 12:06 IST | Created: 13-05-2024 12:06 IST
Emirates Soars to USD 4.7 Billion Profit, Marking Post-Pandemic Recovery
  • Country:
  • United Arab Emirates

The long-haul carrier Emirates announced Monday it saw record profits of USD 4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations.

Emirates, owned by Dubai's government, announced revenues of USD 33 billion, compared to USD 29.3 billion the year before. Profit the year prior had been USD 2.9 billion.

The airline carried 51.9 million passengers in its 2023 financial year, as compared to 43.6 million the year prior.

"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," Sheikh Ahmed bin Saeed Al Maktoum, the chairman and CEO of Emirates said in a statement.

"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 Emirates' results track with those for its base, Dubai International Airport. The world's busiest airport for international travellers had 86.9 million passengers last year, surpassing numbers for 2019 just before the coronavirus pandemic grounded global aviation.

The airport had 89.1 million passengers in 2018 — its busiest-ever year before the pandemic.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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