Emirates Group will provide employees with a bonus of 20 weeks’ salary, which will be included in their May salary. With this bonus, the Group celebrated record results in the 2023/2024 financial year, with record profits of AED 18.7 billion and sales of AED 137.3 billion. ”
Based on performance, the employee will receive a bonus of her 20 weeks’ wages, which will be paid in May. This extraordinary initiative recognizes the Group’s outstanding financial year 2023/2024, in which it achieved unprecedented milestones.
The group reported its best financial performance ever, posting record profits of Dh18.7 billion (US$5.1 billion), up 71% year-on-year. Furthermore, the group achieved record sales of AED 137.3 billion (USD). 37.4 billion dirhams) and ended the year with a record cash balance of 47.1 billion dirhams (US$12.8 billion).
The organization attributes this extraordinary achievement to Dubai’s progressive policies and the foresight of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai.
I believe this was due to clear leadership. His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive Officer, expressed his gratitude to the UAE leadership and highlighted their important role in the Group’s success.
Emirates Group’s record profits will enable further investment in a range of areas including new aircraft, facilities, technology, products, services and workforce development programmes. Notably, the Group has invested a total of AED 8.8 billion (US$ 2.4 billion) in growth initiatives in the 2023/2024 financial year.
Furthermore, the number of employees in the Group increased by 10% to 112,406, the highest ever.
Additionally, the Group has made significant progress in its sustainability efforts, implementing a range of initiatives focused on environmental protection, employee welfare, customer satisfaction and community engagement.
These initiatives highlight the Group’s commitment to responsible corporate citizenship and long-term sustainability.
Emirates Group’s strong financial position positions it well for future growth and success. Plans are currently underway for major projects including a multi-billion dollar aircraft and cabin update program, new catering and cargo capacity, advanced technology and expanded sustainability efforts.
Looking ahead, the Emirates Group remains optimistic about the business outlook, anticipating strong customer demand for air transport and travel in the coming months. With its resilient business model and agile approach to challenges, the Group is poised to seize opportunities and continue its upward trajectory of success.