The Emirates Group recently announced that it has awarded its employees with a bonus equivalent to 20 weeks’ salary as a celebration for its record performance in the fiscal year 2023/2024. This bonus, which will be deposited into their May salaries, comes after the group achieved its highest-ever profitability, recording record profits of Dh18.7 billion and revenues of Dh137.30 billion. The total number of employees in the group also saw an increase of 10% to 112,406, making it their largest ever employee workforce to date as Emirate and Dnata witnessed significant profit and revenue increases in the last year.
The Group has been focusing on investments in people development, rolling out a comprehensive programme of learning and training options for its workforce in partnership with top universities and key industry partners. Additionally, a Gender Balance Council was established to champion and promote gender equality within the Group. Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates airline and group, expressed confidence in the growth of the company in the upcoming financial year, with plans for the delivery of 10 new A350 aircraft to expand the fleet and support network growth. Dnata will also continue to leverage synergies and scale across its business divisions to enhance its capabilities.
The company’s revenue for the year was reported at Dh137.3 billion, marking a 15% increase over the previous year. The group’s cash balance reached Dh47.1 billion, the highest ever reported and up 11% from the previous year. Combined Group profits for the past two years, totaling Dh29.6 billion, have now surpassed the pandemic losses of Dh25.9 billion during 2020-2022. Sheikh Ahmed attributed the success of the Emirates Group to the high demand for air transport and travel-related services globally, coupled with the company’s ability to swiftly meet customer needs. The investments in products, services, partnerships, and talented workforce have paid off in achieving remarkable results.
Sheikh Ahmed highlighted the successful business models of both Emirates and Dnata, which leverage Dubai’s unique advantages and create value not only for Dubai but also for the communities they serve worldwide. The strong financial standing of the Group positions it well for future growth and success, enabling investments to deliver better products, services, and value to customers and stakeholders. With a focus on minimizing environmental impact, developing people, enhancing customer experience, and supporting communities, the Emirates Group is committed to sustainable growth and excellence. Stay informed with the latest news by following KT on WhatsApp Channels.
