Team Blitz India
The Emirates Group has awarded its employees with bonus equivalent to 20 weeks’ salary, to be deposited into their May salaries. The bonus comes as a celebration from the group for its record performance in the fiscal year 2023-24, during which it achieved its highestever profitability, recording record profits of Dh18.7 billion and revenues of Dh137.30 billion, an increase of 15% over last year’s results.
The group’s cash balance was Dh47.1 billion, the highest ever reported, up 11% from last year. Combined Group profits for the last two years, at Dh29.6 billion, surpass pandemic losses of Dh25.9 billion during 2020-2022. The total number of employees in the group rose by 10% to 112,406- their largest ever employee workforce to date as Emirate and Dnata saw significant profit and revenue increases in the last year.
The Group ramped up investments in people development, rolling out a comprehensive programme of learning and training options for its workforce in partnership with top universities and key industry partners. A Gender Balance Council was established to champion and promote gender equality within the Group.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates airline and group said, “We enter our 2024-25 financial year on strong foundations for continued growth. Emirates will receive delivery of 10 new A350 aircraft in 2024- 25, adding to our fleet mix and supporting the next phase of its network growth. Dnata will continue to leverage synergies and scale across its business divisions to grow its footprint and capabilities”.
