Picture for illustrative purposes only. ARCHIVE

Employees of Emirates airline and Emirates Group are set to receive a generous 22-week bonus after the company reported its highest-ever financial results this year. Emirates Group also includes dnata. The group posted a record pre-tax profit of Dh22.7 billion for the fiscal year ending March 31, marking an 18 percent increase from the previous fiscal year. Revenues also reached an all-time high of Dh145.4 billion, while the cash balance climbed to Dh53.4 billion, up 13 percent year-on-year. The group’s EBITDA (earnings before interest, taxes, depreciation, and amortization) stood at Dh42.2 billion, the highest in its history. “Emirates Airline achieved its best-ever financial performance,” the group announced in a statement on Thursday (May 8), further solidifying its reputation as the world’s most profitable airline. Key financial highlights include Emirates airline recording a six percent increase in revenues to Dh127.9 billion, and dnata achieving a 10 percent increase of revenues to Dh21.1 billion. The group also announced a Dh6 billion distribution to its owner, the Dubai Investment Corporation. This year’s fiscal report is also notable for being the first time Emirates Group is subject to corporate income tax, following the UAE’s introduction of a 9 percent tax rate in 2023. After taxes, the group recorded a net profit of Dh20.5 billion. The decision to reward employees with a 22-week salary bonus comes as part of the group’s recognition of its workforce’s efforts in achieving these historic results. ICA/Expat Media
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