before its due date. Emirates Group repays AED 3 billion in debt

In its financial report for the 2022/2023 financial year, the Emirates Group said it has repaid AED 3 billion ($817 million) of debt incurred by the group during the Covid-19 crisis, ahead of maturity.
The group said it had provided 4.5 billion dirhams ($1.2 billion) in proceeds to its owner, the Investment Corporation of Dubai.
The group posted new record profits, a complete reversal from last year's losses. Both Emirates and dnata recorded significant increases in revenue, as air transport and travel operations expanded after almost all pandemic-related restrictions were removed around the world.
The Group ended the financial year with the highest cash balance ever at AED 42.5 billion (US$ 11.6 billion).