group · AE
The Emirates GroupDubai state-owned group: Emirates airline and dnata. Reports half-yearly and annually (Apr–Mar fiscal year).
New results likely published — extraction pending · estimated from reporting cadence
Revenue · Q3 2024 (half)
Load factor
| Period | Revenue | Op. profit | Load factor | ASK | Net result | Load factor |
|---|---|---|---|---|---|---|
| Q3 2024 (half)(half) |
2024-25 is the first year the UAE's 9% corporate income tax applies, cutting Group profit after tax to AED 9.3bn from PBT of AED 10.4bn.
“After accounting for the 9% tax charge, the Group's profit after tax is AED 9.3 billion”
Emirates SkyCargo carried 1,198,000 tonnes (+16%) with cargo yields up 11%, boosted by strong Chinese eCommerce traffic.
The Group paid AED 2 billion in dividend to its owner (Investment Corporation of Dubai) during the half.
Emirates' US$4bn cabin retrofit programme rolled out 8 refreshed aircraft (3 A380s, 5 Boeing 777s) in H1.
Emirates placed orders for 10 additional Boeing 777 freighters to support SkyCargo growth.
Emirates uplifted SAF for the first time in Singapore and London Heathrow and made its first disbursement from its US$200m sustainability R&D fund.
dnata's profit before tax fell 5% to AED 720m primarily due to a one-off impairment charge of AED 152m.
Management expects customer demand to remain strong for the rest of 2024-25 and plans to grow capacity as new aircraft and dnata facilities come online.