Carried 43.6 million passengers by the end of its fiscal year

Emirates airline achieves record profit of AED 10.6 billion

Emirates posted a record profit of 10.6 billion dirhams ($2.9 billion) after a loss of 3.9 billion dirhams ($1.1 billion) in the previous year. The profit margin was 9.9%, the best performance in the airline's history, and the airline significantly improved its financial results.

According to a press release received by Emirates Today, Emirates airline transported 43.6 million passengers, a growth of 123%, in the fiscal year 2022/2023 with seat capacity increasing by 78%. Seat occupancy was 79.5% compared to 58.6% in the previous fiscal year. The rate of return per passenger per kilometre increased by 7%.

By the end of the 2022/2023 financial year, Emirates' total passenger and cargo capacity increased by 32% to 48.2 billion tonnes available as the airline continued to restore passenger services across its network in line with the lifting of pandemic-related flight and travel restrictions.

Emirates resumed flights to six destinations and increased operations to 62 cities across its network throughout the year to meet strong customer demand, in addition to launching its service to Tel Aviv. By 31 March 2023, Emirates' network covered 150 destinations across six continents, including 9 cities served by the freighter fleet alone.

Emirates restarted its flagship Airbus A380 aircraft to more cities during the year, bringing the giant aircraft network to 43 destinations on 31 March 2023.

During the 2022/2023 financial year, Emirates took delivery of two new Boeing 777 freighters. Four aircraft were decommissioned: two A4s, one Boeing 380-777ER and one freighter. Its fleet at the end of March numbered 300 aircraft, with an average fleet age of 260.9 years.

Emirates orders remained at 200 aircraft, including 5 Boeing 777F freighters announced in 2022/2023. It remains committed to its long-term strategy to operate a modern and efficient fleet, underscoring its brand promise of 'lasting excellence' because modern aircraft are better for the environment and operations, as well as for customers.