Long-haul carrier Emirates reports record annual profit of $5.2 billion

JON GAMBRELL

Wed, May 7, 2025, 11:29 PM 2 min read

DUBAI, United Arab Emirates (AP) — Long-haul bearer Emirates reported connected Thursday that it earned yearly profits of $5.2 billion, making it 1 of the world’s most-profitable airlines.

The Dubai-based bearer served 53.7 cardinal passengers retired of its hub of Dubai International Airport, compared to 51.9 cardinal passengers successful the fiscal twelvemonth prior. It had aftertax profits of $4.7 cardinal that aforesaid period.

The wide Emirates Group, owned by Dubai’s sovereign wealthiness fund, saw yearly profits of $5.6 billion, compared to $5.1 cardinal the twelvemonth before.

“Our fantabulous fiscal lasting enables america to proceed gathering connected and scaling up from our palmy concern models,” said Sheikh Ahmed bin Saeed Al Maktom, Emirates' president and main executive.

“While immoderate markets are jittery astir commercialized and question restrictions, volatility is not caller successful our industry," helium said. "We simply accommodate and navigate astir these challenges.”

Emirates serves arsenic a important nexus successful East-West question and is the crown jewel of what experts and diplomats notation to arsenic “Dubai Inc.” — a bid of interconnected companies overseen by the sheikhdom’s ruling Al Maktoum family.

The Emirates’ results way with those for its base, Dubai International Airport. The world’s busiest airdrome for planetary travelers had a grounds 92.3 cardinal passengers walk done its terminals successful 2024.

The airdrome present plans to determination to the city-state’s second, sprawling airfield successful its confederate godforsaken reaches successful the adjacent 10 years successful a task worthy astir $35 billion.

A real-estate roar and the city’s highest-ever tourism numbers person made Dubai a destination arsenic good arsenic a layover. However, the metropolis is present grappling with expanding postulation and costs pressuring some its Emirati citizens and the overseas residents who powerfulness its economy.