Long-haul carrier Emirates sees $4.7 billion profit in 2023
The long-haul carrier Emirates says it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations
DUBAI, United Arab Emirates — The long-haul carrier Emirates announced Monday it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations.
Emirates, owned by Dubai's government, announced revenues of $33 billion, compared to $29.3 billion the year before. Profit the year prior had been $2.9 billion.
The airline carried 51.9 million passengers in its 2023 financial year, as compared to 43.6 million the year prior.
“Throughout the year, we saw high demand for air transport and travel related services around the world, and because we were able to move quickly to deliver what customers want, we achieved tremendous results,” Sheikh Ahmed bin Saeed Al Maktoum, the chairman and CEO of Emirates, said in a statement.
“We are reaping the benefit of years of non-stop investments in our products and services, in building strong partnerships, and in the capabilities of our talented people.”
Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, praised the airline, noting it “took off 39 years ago and the world of aviation is no longer what it was before.”
“What is coming will be more beautiful, greater and better, God willing,” Sheikh Mohammed wrote on the social platform X.
The Emirates' results track with those for its base, Dubai International Airport. The world's busiest airport for international travelers had 86.9 million passengers last year, surpassing numbers for 2019 just before the coronavirus pandemic grounded global
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