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The profits came as the Dubai-based carrier served 53.7 million passengers out of its hub of Dubai International Airport, compared to 51.9 million passengers in the fiscal year prior. It had after-tax profits of USD 4.7 billion in that same period.
Emirates reported that it earned annual profits of USD 5.2 billion, with the state-owned firm declaring itself the world’s most profitable airline as global aviation fully returned to flight after the disruption caused by the coronavirus pandemic.
The profits came as the Dubai-based carrier served 53.7 million passengers out of its hub of Dubai International Airport, compared to 51.9 million passengers in the fiscal year prior. It had after-tax profits of USD 4.7 billion in that same period.
The overall Emirates Group, owned by Dubai’s sovereign wealth fund known as the Investment Corporation of Dubai, saw annual profits of USD 5.6 billion, compared to USD 5.1 billion the year before.
The carrier had revenues of USD 34.9 billion, compared to USD 33 billion the year prior. Those revenues put it behind other private carriers, like Atlanta-based Delta Air Lines Inc., which led the industry with revenue of USD 61.6 billion last year.
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The carrier said its 260 aircraft fly to 148 locations around the world. It has long relied on the Boeing 777 and the double-decker Airbus A380, though it has also begun introducing the Airbus A350 to its schedule. It’s undertaking a multibillion-dollar retrofitting campaign for its aircraft and says it doesn’t expect its first Boeing 777-9 until 2027.
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