- Group: Record half-year profit of AED 10.1 billion ($2.7 billion), up 138% year-on-year, driven by strong demand for international travel in all regions. Revenue rose 20% to AED 67.3 billion ($18.3 billion).
- Emirates airline: Revenue rose 19% to AED 59.5 billion ($16.2 billion), profit was AED 9.4 billion ($2.6 billion), up 134% year-on-year. As a result, the airline’s ability to meet strong demand in various regions through increased capacity and to reduce orders through continued investment in products and services.
- gout: Revenue rose 27% to AED 9.3 billion ($2.5 billion) due to increased operations and profit of AED 709 million ($193 million), up 200% year-on-year.
The Emirates Group today announced its best-ever half-year financial result. The group reports half-yearly certain profit for the period 2023-24 at more than AED 10.1 billion (US$ 2.7 billion), maybe 138% better than its previous record half-year profit of more than AED 4.2 billion (US$ 1.2 billion).
The group also posted an operating profit EBITDA totaling AED 20.6 billion (USD 5.6 billion), which is a significant increase over AED 15.3 billion (USD 4.2 billion) in the same period last year, demonstrating its strong operating profitability.
Rumors The group posted AED 67.3 billion ($18.3 billion) in the first six months of 2023-24, up 20% from AED 56.3 billion ($15.3 billion) in the previous year. Added to this was the strong demand for air transport around the world, which has had an upward trend since the cancellation of the last pandemic travel restrictions.
The group closed the first half of the year 2023-24 with a solid cash position in vi 42.7 billion AED
(US$11.6 billion) as at 30 March 2023 compared to AED 42.5 billion (US$11.6 billion) as at 31 March 2023. The Group was able to draw on its own strong cash reserves to support business needs, including debt settlement. Emirates has so far repaid AED 9.2 billion in VRs related to the COVID-19 program. The group also paid its owner a dividend of AED 4.5 billion, which it declared at the end of its 2022-23 financial year.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and CEO of Emirates Airlines and Group, stated: We are witnessing the fulfillment of our plan to emerge stronger and better from the dark days of the pandemic. The group broke previous records and posted the best half-year results in history. The profit for the first six months of 2023-24 thus equaled the record full-year profit from 2022-23. This is a huge success that speaks to the talent and commitment of the organization, the mission of our business model and the Dubai vision and policies that have enabled the creation of a strong, resilient and progressive aviation industry.
Within the scope of the group, we continued to operate safely and responded promptly to customer requests. We have introduced a number of enhanced services and products to ensure customer loyalty, and we will continue to invest in our people, product, partnerships and technology to deliver and ensure future readiness.
His Highness ejk Ahmed added: For the second half of 2023-24, we expect that the demand for orders from our business divisions will remain healthy and we will continue to be agile in allocating our resources in this dynamic market. We are just as closely watching rising fuel prices, strengthening the US dollar, inflationary costs and the geopolitical situation.
To support external operations and business activities, the number of Emirates Group employees increased by 6% to a total of 108,996 compared to March 31, 2023, to March 30, 2023.
Emirates airline
Emirates has continued to expand its flights around the world, increasing the capacity and number of connections through its Dubai hub to meet the demand of customers in all markets. In the first half of 2023-24, the airline resumed operations of A380 aircraft to Bali, Beijing, Birmingham, Casablanca, Nice, Shanghai and Taiwan.
The airport opened daily non-stop flights to Montreal, a new destination and the airline’s current gateway to Canada.
Emirates has expanded its contract options and in the first six months of 2023-24, it has entered into and terminated connecting flights or inter-route agreements with eight airlines: Aegean Airlines, Air Canada, Etihad Airways, Kenya Airways, Philippine Airlines, Maldivian, Sri Lankan Airlines and United Airlines. The partnership between Emirates and Qantas, which has served more than 15 million passengers on joint flight routes since its inception in 2013, has received approval for another five-year extension until 2027.
As of the 30th, the airline operated passenger and cargo transport on 144 aircraft, using its entire fleet of Boeing 777 and 104 A380 aircraft. During the first six months of 2023-24, 10 A380 aircraft with completely renovated cabin interiors and the latest in-flight products, including Premium Economy seats, departed from Emirates’ modernization program. Thanks to this, the airline was able to deploy its highly rated Premium Economy service on several new routes to New York JFK, Houston, San Francisco, Los Angeles and Singapore.
In the first half of 2023-24, Emirates launched a new global advertising campaign featuring Hollywood actress Penelope Cruz and unveiled initiatives to improve the customer travel experience, including a new urban handling facility at the Dubai International Financial Centre, free on-board Wi-Fi for program members Emirates Skywards and the new meal pre-order option, allowing passengers to choose meals on board in advance of their journey.
Total capacity thanks to a varied flight program, during the first six months of the year it increased by 25% to 28.5 billion available tonne kilometers (ATKM). Capacity the number of available seat kilometers (ASKM) increased by 30%, while number of passengers transported money in sweat rental kilometers (RPKM) increased by 35% pi average sitting sweat coefficient81.5% for passengers compared to 78.5% in the same period last year.
From April 1 to April 30, 2023, Emirates transported 26.1 million passengers, which is 31% more than in the same period last year. Emirates Skycargo transported 1,035,000 in the first six months of the year pool investment, which represents an 11% increase compared to the same period last year, despite the overall decline of the global investment market. This eroded the cargo division’s ability to satisfy customer demand with specialized products and the excellent capabilities it offers in terms of operating cargo planes and bulk cargo ships.
Profit Emirates first half 2023-24 hits new record at AED 9.4 billion
(USD 2.6 billion) compared to a profit of AED 4.0 billion in the same period last year
($1.1 billion). Rumors Emirates’ including other operating revenue of AED 59.5 billion (US$ 16.2 billion) increased by 19% compared to AED 50.1 billion (US$ 13.7 billion) recorded in the same period last year. The airline’s record results can be attributed to strong passenger demand on international routes in all markets and Emirates’ ability to activate capacity to meet demand; and offer excellent value and services to customers.
Emirates operating costs (including fuel) increased by 9% in line with traffic growth. Fuel is the largest component of the airline’s operating costs (34%), in the same period last year it was 38%.
It increased due to strong demand and increased traffic Emirates EBITDA during the six months by 33% to AED 19.5 billion (USD 5.3 billion), compared to AED 14.7 billion (USD 4.0 billion) in the same period last year.
gout
The dnata company continued to expand its activities in the field of freight transport and ground handling, catering and retail and travel services. Thanks to this, in the first six months of 2023-24 there was a significant increase in income.
In the first half of the period 2023-24, the dnata company received significant new orders in the field of catering and flight services and increased the number of existing orders within its international operations. This demonstrates dnata’s ability to serve growing airline customer traffic and provide high-quality products and services despite ongoing operational challenges in many markets, such as skilled labor shortages, supply chain issues and inflationary pressures.
Thus, the dnata company continued to make strategic investments in its business and always in innovative technologies and other initiatives in order to better respond to the needs of customers. Among the most significant events in the first half of the period 2023-24 was the acquisition of a further 29% stake in the company Imagine Cruising. the implementation of one-on-one artificial intelligence with the aim of improving operations and capabilities
dnata’s cargo handling operations in Singapore and the road to sms biofuels in the United Arab Emirates, using dnata Logistics, Arabian Adventures, Alpha Flight Services and City Sightseeing, to reduce emissions and respond to the growing environmental demand for the possibility of transport with an ecological footprint.
Rumors The company’s net other operating income of AED 9.3 billion (USD 2.5 billion) increased by 27% compared to AED 7.3 billion (USD 2.0 billion) achieved in the same period last year.
Total profit dnata in 709 million AED (193 million USD) compared to 236 million AED (64 million USD) in the same period last year.
The best way to receive income is above me airport service establishment with AED 4.1 billion (USD 1.1 billion), which represents an 18% increase compared to the same period last year, as the traffic of their orders from a number of airlines intensified, especially in Australia, Singapore, Great Britain and the United Arab Emirates emirates. In the year-to-date, dnata increased its aircraft turnover by 11% to 384,656 and handled 1.3 million tonnes of cargo, a 5% decrease, reflecting a softening of the global air cargo market after a surge caused by the pandemic.
Traffic of flight canteens and retail of dnata company he wrote to them
AED 3.5 billion (USD 942 million), which represents an increase of 45% due to the significant addition of production in Australia, Italy, Great Britain and the USA. The number of submitted meals increased by 31% to 66.3 million compared to 50.5 million.
dnata tourism division reported revenues of AED 1.4 billion (USD 375 million), which represents an increase of 16% compared to AED 1.2 billion (USD 323 million) in the same period last year. dnata recorded significant acquisitions from Destination Asia, which handles destinations in Asia, and from Imagine Cruising in exchange for summer cruises, where dnata acquired a controlling stake. The division reported core revenue of 4.0 billion total transaction values (TTV AED (1.1 billion USD) compared to 3.5 billion AED (960 million USD) for the same period last year.
