Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Emirates announces record US$5.1 bn in annual profit

Home National Emirates announces record US$5.1 bn in annual profit
Emirates announces record US$5.1 bn in annual profit

DUBAI – Dubai’s Emirates Group announced annual profits of US$5.1 billion (N$94.8 billion) yesterday, a rise of 71%, as the airline company set a new record for the second year in a row. 

“The Emirates Group has once again raised the bar to deliver a new record performance,” said chairman and chief executive Sheikh Ahmed bin Saeed Al
Maktoum.

State-owned Emirates Group, operator of the world’s largest long-haul carrier, announced a record US$3 billion in profits last year as it returned to the black after the pandemic.

“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,” Sheikh Ahmed said.

Last year’s profits followed a US$1.1 billion loss in the post-pandemic 2021-2022 financial year, and a US$5.5 billion deficit in Covid- ravaged 2020-2021, its first in more than three decades. 

– Nampa/AFP