- The Emirates Group celebrated a record financial year 2023/2024, achieving an exceptional profit of AED 18.7 billion (US$ 5.1 billion) and a revenue increase to AED 137.3 billion (US$ 37.4 billion), attributed to Dubai’s advancements and visionary leadership.
- A 20-week salary bonus was announced for Emirates flight attendants and Emirates Group employees as a testament to the extraordinary financial performance, demonstrating the group’s commitment to sharing its success with its workforce.
- The Group is poised for future growth with investments in new aircraft, technology, and sustainability initiatives, alongside a strong business outlook driven by anticipated demand for air transport and travel.
The Emirates Group proudly announces a groundbreaking reward for its employees, a 20-week salary bonus, in celebration of an unparalleled financial year 2023/2024. This year’s bonus marks a significant achievement while remembering that the previous year, employees were gratified with a 24-week salary bonus as profit-share.
In May, the employees will receive this exceptional reward, a testament to the group’s stellar profitability and colossal revenue achievements. Profit-sharing is one of the main benefits of an EK crew, and this is determined based on the company’s financial performance. It has been a tradition for Emirates and is highly valued by its employees.
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Unprecedented Financial Milestones
Achieving a monumental profit of AED 18.7 billion (US$ 5.1 billion), the Emirates Group has outdone itself by marking a 71% increase from the prior year. Additionally, the Group witnessed a remarkable 15% jump in revenue, reaching a record-breaking AED 137.3 billion (US$ 37.4 billion).
Such outstanding results were further complemented by an all-time high cash balance of AED 47.1 billion (US$ 12.8 billion), setting a new bar for financial prosperity.
Leadership and Visionary Governance
The spectacular financial year can largely be attributed to Dubai’s progressive policies under the visionary guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum. His Excellency Sheikh Ahmed bin Saeed Al Maktoum, the Chairman and CEO, praised the unwavering support from the UAE’s leadership, clearly underscoring their integral role in the Emirates Group’s success story.
With record profits, the Emirates Group is pushing boundaries, investing AED 8.8 billion (US$ 2.4 billion) in growth initiatives. These investments span new aircraft, state-of-the-art facilities, cutting-edge technology, innovative products and services, and comprehensive employee development programs. Notably, the Group’s workforce has expanded by 10%, now boasting 112,406 employees – its largest roster yet.
The Emirates Group continues to lead with its commitment to sustainability, focusing on environmental conservation, employee welfare, customer satisfaction, and community engagement. Through these initiatives, the Group cements its role as a responsible and sustainable organization.
Future Growth and Optimistic Outlook
With solid financial grounding, the Emirates Group is setting sights on future endeavors. These include an extensive aircraft fleet and cabin renewal program, enhanced catering and cargo facilities, the integration of advanced technologies, and broader sustainability measures.
Given its strong business model and adaptable nature, the Emirates Group is well-prepared for future challenges and opportunities, anticipating a surge in customer demand for air transport and travel in the upcoming months.