Emirates, the Dubai-headquartered airline behemoth, today announced its annual results for the year 2024-25, and for the third year in a row, the airline clocked a record profit.

Emirates Group records USD 6.2 billion profit.

Emirates Group consists of Emirates Airline, dnata (ground handling), and other smaller entities that are vertically integrated. On the whole, the Emirates Group reported their financial performance for the year 2024-25 (April to March) today, and the group has clocked 6.2 billion dollars in profit, up 18% from the last year. Emirates Group’s current profit is a record in its history, and signals how strong the comeback of travel has been post-COVID.

• The Emirates Group revenue increased 6% to a new high of USD 39.6 billion, driven by strong customer demand across its businesses.
• The Emirates Group ended the year with its highest-ever cash balance of USD 14.6 billion.
• The Emirates Group declared a dividend of USD 1.6 billion to its owner, the Investment Corporation of Dubai (ICD).

Here’s how Emirates CEO Sheikh Ahmed bin Saeed Al Maktoum describes these results:

For 2024-25, the Emirates Group has raised the bar to set new records for profit, revenue, and cash assets. Through the year, Emirates and dnata were able to move quickly to meet the strong demand for air transport services across markets and win over customers – thanks to our non-stop investments in our people, in building partnerships, and in delivering great products and services.

We enter the year ahead with excitement and optimism. Our excellent financial standing enables us to continue building on and scaling up from our successful business models. While some markets are jittery about trade and travel restrictions, volatility is not new in our industry. We simply adapt and navigate around these challenges.

Emirates will strengthen our network connectivity with the expected delivery of 16 A350s and 4 Boeing 777 freighters in 2025-26, providing much-needed capacity to meet customer demand. Our retrofit programme will continue apace to provide our customers the latest Emirates products and a more consistent experience across our A380, 777 and A350 fleet.

Emirates clocks USD 5.8 Billion Profit.

Undoubtedly, Emirates Airline was the major contributor to the group’s performance. Emirates reported a new record profit of USD 5.8 billion, up over 20% from USD 4.7 billion a year ago.

• Revenue rose 6% to USD 34.9 billion, as the airline deployed more capacity and strengthened its global network and partnerships.
• Airline capacity increased by 4% to 60 billion ATKMS, recovering to pre-pandemic levels.

Emirates Chairman credited the record performance to Dubai’s progressive policies, saying profits enable further investments in new aircraft, facilities, equipment, technology, products, services, and people. Emirates has expanded its customer portfolio with new contracts, added lounge facilities in new global markets, and invested in new equipment and technologies to enhance operations and services.

Many major projects are already underway, including: a multibillion-dollar aircraft fleet and cabin renewal programme; new catering, cargo, and ground handling capabilities; advanced technologies to support the Group’s operations; expanded training and people development programmes; and initiatives to progress the Group’s sustainability agenda.

The first Airbus A350 aircraft joined Emirates’ fleet in the past year, adding capacity for the airline to serve customer demand with its latest products, including the popular Premium Economy Class and a new-generation in-flight entertainment system. By March 31, Emirates had 4 A350S in its fleet flying to Edinburgh, Ahmedabad, Bahrain, Colombo, Kuwait and Mumbai.

Here is an infographic that encapsulates all the mindboggling numbers that Emirates achieved throughout the year.

 

Emirates continues to invest in the passenger experience

Emirates continued to invest in delivering ever better customer experiences. In addition to a range of inflight service enhancements in 2024-25, Emirates invested USD 17 million in its lounge product, opening two new lounges at London Stansted and Jeddah to bring the total number of dedicated Emirates Lounges globally to 41, and renovated existing facilities in Bangkok and Paris. This is part of a long-standing strategy to provide premium customers with signature experiences at key stations across the network, not only at its hub. The airline also launched its Emirates Chauffeur-Drive Service to Riyadh, expanding this signature service to over 70 cities.

With ongoing delays in new aircraft deliveries, Emirates added 99 more aircraft to its retrofit programme. It will now see 219 aircraft undergo a full cabin refresh at a total investment of USD 5 billion. In March, Emirates’ order book had 314 aircraft pending delivery, including 61 A350 aircraft, 205 Boeing 777x, 35 787s, and 13 777Fs. At the end of March, the total fleet count was 260 units, with an average fleet age of 10.7 years.

Bottomline

Emirates Group’s record-breaking financial results for 2024-25 affirm its leadership in the aviation sector and demonstrate the enduring strength of its business model. By combining operational excellence, strategic investment, and vertical integration, the Group has set a new benchmark for profitability — one it will look to build upon as it navigates the evolving dynamics of global air travel.

What do you think of Emirates’ 2024-25 financial results?

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