Dubai-based Emirates Group has announced a gross profit of $6.2 billion for the 2024/2025 financial year, marking its third straight year of record earnings.
The group, which includes Emirates Airline — the biggest in the Middle East — said the profit reflects strong demand for air travel. However, after applying the UAE’s new corporate tax, the profit dropped to $5.6 billion.
“The Emirates Group has raised the bar to set new records for profit, revenue and cash assets,” said Sheikh Ahmed bin Saeed Al Maktoum, the group’s chairman, in a statement released on Thursday.
To support its growing operations, the group invested $3.8 billion in new aircraft, airport infrastructure, and technology.
Emirates also increased its workforce by 9 per cent, reaching a record 121,223 employees.
As part of its financial success, the group declared a dividend of $1.6 billion to its owner, the Investment Corporation of Dubai.
Emirates Airline alone recorded a pre-tax profit of $5.8 billion, up 20 per cent from the previous year. Its total revenue climbed by 6 per cent to $34.9 billion.
Meanwhile, Dnata, the group’s ground-handling and travel services arm, earned a record pre-tax profit of $430 million, showing a 2 per cent increase.
The Emirates Group is also expanding its fleet. As of March 2025, it had 314 new aircraft on order, including 61 Airbus A350s and 205 Boeing 777x models.
Due to delays in deliveries, the group is spending $5 billion to retrofit 219 existing aircraft.
Sheikh Ahmed had earlier explained that 90 per cent of the airline’s fleet is being upgraded to keep up with passenger needs and service standards.
Emirates Group continues to lead in the long-haul flight market and remains one of the biggest players in global aviation.
