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Emirates Group records $5.1bn in annual profit

by Tolulope Akinruli

On Monday, Dubai’s Emirates Group revealed yearly profits of $5.1 billion, a 71% increase, as the airline firm set a new record for the second year running. “The Emirates Group has once again raised the bar to deliver a new record performance,” stated chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum.

The world’s largest long-haul carrier, reported a record $3.0 billion in profits last year as it returned to profitability following the epidemic.

“The Group’s current financial situation puts us in a good position for future expansion and success. It allows us to invest in delivering even greater products, services, and value to our consumers and stakeholders,” Sheikh Ahmed stated.

Emirates Group

Last year’s earnings came after a $1.1 billion loss in the post-pandemic fiscal year 2021-2022 and a $5.5 billion deficit in Covid-ravaged 2020-2021, the company’s first in more than three decades.

Source: vanguardngr.com

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