Emirates Group Reports Record Profits for 2024-25

The Emirates Group has announced its highest-ever financial results for the 2024-25 period, with a record profit before tax of AED 22.7 billion ($6.2 billion), making it the most profitable aviation group worldwide. Emirates Airlines itself achieved a record profit before tax of AED 21.2 billion ($5.8 billion) — the highest in its history.

In this financial year, the Group saw increased revenues across its core business units, Emirates and dnata, and grew its cash reserves and EBITDA proportionally. The Group also declared a dividend of AED 6 billion ($ 1.6 billion) to its owner, the Investment Corporation of Dubai.

This year marked the first full financial period subject to the UAE’s corporate tax, enacted in 2023, which impacted profit figures, resulting in a post-tax profit of AED 20.5 billion ($ 5.6 billion).

Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group said, “It is no accident that Dubai has produced hugely successful global aviation entities including Emirates and dnata. Dubai’s aviation sector has become an influential force on the global stage thanks to visionary leaders, strategic planning, coordinated execution, and strong support from our customers, business partners, and all the people of Dubai. 

“When the government set up Emirates 40 years ago and we began expanding dnata’s capabilities to support the city’s growth, we had a clear mission - be the best at what we do; and deliver value to Dubai, our stakeholders, and the communities we serve."

“With that in mind, we’ve kept a laser focus on providing great products and services, and we continually invest in technology and talent to increase our competitive edge. We look after our people and our customers, and we work hard to positively impact our communities. We don’t cut corners, and we don’t take shortcuts that put our future at risk for short term gains. By building our business models around these principles and Dubai’s unique strengths, the Emirates Group has thrived and stayed resilient through geo-political and socio-economic challenges over the years.”

He further added, “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."

“I’d like to thank our amazing people at the Emirates Group for achieving another record year, and our customers and partners for their trust and support. My gratitude to Dubai’s visionary leaders HH Sheikh Mohammed bin Rashid Al Maktoum, and his sons HH Sheikh Hamdan and HH Sheikh Maktoum, for their continued leadership and stewardship of Dubai’s strategy, in which the Emirates Group is proud to play a key role,” he concluded. 

Looking ahead, Sheikh Ahmed expressed optimism about continued expansion, with plans for new aircraft deliveries, fleet upgrades, and facility developments in key markets, including Dubai’s new Al Maktoum International Airport. 

He commented, “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."

“Work is already underway at the new Al Maktoum International airport (DWC) and broader development around Dubai South. Our planning teams are working closely with Dubai airports and other entities to design and deliver the future of aviation and the best possible travel experiences. We’ve set high targets for ourselves, but I am confident that our talented workforce and Dubai’s winning formula will empower the Emirates Group to forge an even brighter future and deliver even more value to the people, cities and communities we serve,” he elaborated.