The 18% rise in profit, slimmed to US$5.6 billion after the UAE’s recently introduced corporate tax
Published Thu, May 8, 2025 · 04:02 PM
[DUBAI] Dubai’s Emirates Group, which includes the Middle East’s biggest airline, announced on Thursday (May 8) gross annual profit of US$6.2 billion, its third record in three years.
The 18 per cent rise in profit, based on strong customer demand, slimmed to US$5.6 billion after the UAE’s recently introduced corporate tax, which was applied for a full financial year for the first time.
“The Emirates Group has raised the bar to set new records for profit, revenue and cash assets,” chairman Sheikh Ahmed bin Saeed Al Maktoum said in a statement.
Emirates airline, excluding the group’s other businesses, posted a record US$5.8 billion pre-tax profit, up 20 per cent from the year before.
The group invested US$3.8 billion in new aircraft, infrastructure and technology “to support its growth plans”, the statement said.
Its workforce grew by 9 per cent to an unprecedented 121,223 employees.
State-owned Emirates Group operates the world’s largest long-haul carrier.
As of March, it had 314 aircraft pending delivery, including 61 A350s and 205 Boeing 777x, the statement said.
It said it was retrofitting 219 aircraft at a cost of US$5 billion to make up for delayed Boeing orders. AFP
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