Emirates Group posts record annual pre-tax profit

Emirates Group, which owns Emirates Airline, raised its pre-tax profit and revenue in the previous financial year ending March 31, even with flight cancellations stemming from military actions in Iran during the last month.

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Emirates Group posts record annual pre-tax profit © The Strategist

Emirates Group’s yearly profit before tax rose by 7% to a record high of $6.6 billion.

The revenue of the group rose by 3% in the previous financial year, reaching $41 billion, which is also a new high.

Alongside Emirates Airline, Emirates Group possesses hotels, a tour operator, and a company called dnata, a major service provider for the global aviation sector with operations in 35 nations.

Emirates Airline reported a pre-tax profit of $6.2 billion for the previous fiscal year, while its revenue totaled $35.7 billion. Last year, the airline transported 53.2 million travelers, a decrease of 1% compared to the year before. Flight load factor fell to 78.4% from 78.9% compared to last year.

source: bloomberg.com

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