# Emirates to pay five months' salary as bonus to employees after record $5.1 billion profit!

> Dubai's Emirates Group reported record profits of $5.1 billion for the year ending May 13, marking a 71% increase. Over the past two years, the group achieved a combined profit of $8.1 billion, recovering from pandemic-…

Published: 2024-06-25 · Desk: News · Source: Business Today

Dubai's Emirates Group reported record profits of $5.1 billion for the year ending May 13, marking a 71% increase. Over the past two years, the group achieved a combined profit of $8.1 billion, recovering from pandemic-related losses. Chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum attributed this success to robust customer demand, emphasizing the group's strong financial health and future growth potential. The Emirates Group's workforce grew by 10% to 112,406 employees, driven by expanded global recruitment to boost operational capacities. The group's revenue hit a record $37.4 billion, a 15% increase. Emirates airline alone posted a record profit of $4.7 billion, up 63%, with revenue rising to $33 billion. Dnata, another Emirates Group company, saw profits soar to $0.4 billion, with revenue increasing by 29% to $5.2 billion. The group ended the year with a record cash balance of $12.8 billion and declared a $1.1 billion dividend to its owner, the Investment Corporation of Dubai.

Original reporting: https://www.businesstoday.in/latest/corporate/story/emirates-to-pay-five-months-salary-as-bonus-to-employees-after-record-51-billion-profit-429381-2024-05-13?fbclid=IwZXh0bgNhZW0CMTAAAR2wZ24MFm0qxK5v3xaze6M7Sg2X088w_sYFQpptYVqegrcbgsaoUdy1R44_aem_Ab2vJBM9G_rf57f6w1rvyFfbtLwPW3FKKqGd-tku5GVrm4K6T3FUw42YMkHN9Crwxq8FomICTcHEa9k3sGf8KX6j
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