Emirates expects return to profitability this monetary yr – Enterprise Traveller

Dubai-based service Emirates expects to return to profitability this monetary yr, Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief government of Emirates Airline and Group, said in a tweet yesterday.

He mentioned so on the thirty seventh anniversary of the primary Emirates flights that took off from Dubai Worldwide airport sure for Karachi and Mumbai.

“It was a small airline on the time, however with large ambitions. And shortly, it developed right into a pioneer on the earth of aviation. We’ve by no means misplaced the pioneering spirit,” mentioned Sheikh Ahmed in a tweet with an accompanying image of that inaugural flight on the tarmac in DXB previous to its departure.

“To all of the people of the Emirates household, previous and current, I lengthen my thanks and appreciation in your exhausting work, perseverance and keenness, which enabled us to succeed in the place we’re in the present day. Within the journey of excellence, there is no such thing as a end line.”

Sheikh Ahmed mentioned that the airline has restored 90 per cent of its community and employed 6,000 cabine crew over the past yr.

He famous that the group has additionally invested Dhs7.9 billion this monetary yr in enhancing its capabilities.

In Could, the Emirates group mentioned that it had reduce its annual losses by 83 per cent and posted a lack of Dhs3.8 billion (US$1 billion) for the monetary yr ending March 31, 2022, in comparison with a Dhs22.1 billion (US$6 billion) loss reported the earlier yr.

The group’s income was Dhs66.2 billion (US$18.1 billion), marking a rise of 86 per cent over final yr’s outcomes.


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