With a record annual profit of Dh10.9 billion ($3.0 billion), Emirates Group reported its most profitable year ever. This is a significant turnaround from its loss position last year.

With almost all travel restrictions lifted post-Covid-19 pandemic, the group's revenue of Dh119.8 billion ($32.6 billion) increased by 81%.

In 2022-23, Emirates and DNATA saw significant revenue increases as the group expanded its air transportation and travel-related operations following the removal of pandemic-related restrictions around the globe.

The Emirates Group posted a record profit of Dh10.9 billion ($3.0 billion) for the financial year ended 31 March 2023, compared with a loss of Dh3.8 billion ($1.0 billion) last year.

“Emirates is proud of its 2022-23 performance, which is both a full recovery and a record,” said Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates.

It wouldn't have been possible without His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister, and Ruler of Dubai, whose leadership has been critical to our success today and throughout history. The architect of Dubai’s progressive economic policies, Sheikh Mohammed is also the engine behind the Emirates Group’s trajectory. The size of Emirates would be half what it is today without his drive and support."