Emirates Posts Record $5.2B Profit on Strong Growth
Emirates Airline has posted a record annual profit after tax of $5.2 billion for the year ending March 31, 2025, up 14.9% from $4.7 billion a year earlier. The Dubai-based carrier’s profit before tax climbed 20% to $5.8 billion, while total revenue rose 6% to $34.9 billion, cementing its status as the world’s most profitable airline. These gains were driven by the launch of new long-haul routes, a 3% increase in passenger traffic to 53.7 million and a 4% expansion in seat capacity across its global network.
Across the wider Emirates Group—encompassing SkyCargo, dnata and other businesses—pre-tax profit surged 18% to $6.2 billion, with group revenue up 18% to $39.2 billion. “We are the world’s most profitable aviation group, and Emirates is the world’s most profitable airline in the 2024–25 reporting period,” said Group CEO and Chairman Ahmed bin Saeed Al Maktoum. He added that dnata also delivered excellent results, reflecting Dubai’s ability to nurture leading global aviation and service companies.
During the financial year, Emirates rolled out new services to Bogotá and Antananarivo (Madagascar) and reinstated flights to Phnom Penh, Lagos, Adelaide and Edinburgh, while boosting capacity on 21 other city pairs to meet surging demand. The airline welcomed its first Airbus A350-900 XWB, and by March operated four of the widebody jets on routes including Edinburgh, Ahmedabad, Bahrain, Colombo, Kuwait and Mumbai. Emirates confirmed that 16 more A350s and four Boeing 777 freighters will join the fleet in 2025–26, alongside an ongoing cabin refurbishment program covering A380s, 777s and A350s to maintain world-class standards.
Total operating costs rose 4% year over year, with fuel and employee expenses remaining the largest cost drivers. Fuel’s share of operating expenditure fell to 31% from 34%, thanks to more efficient engines, hedging strategies and sustainability efforts. Employee costs increased in line with the carrier’s network and service expansion.
Ahmed bin Saeed Al Maktoum said Emirates enters the new year “with excitement and optimism” underpinned by its strong financial position and adaptable business model. “While some markets are jittery about trade and travel restrictions, volatility is not new in our industry. We simply adapt and navigate around these challenges,” he noted. The airline plans to continue selective network growth, fleet modernization and sustainability initiatives, ensuring its leading role in global aviation remains unchallenged.
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