Emirates Airline revenue up 91% in 2021-22 report

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Emirates Airline's revenue for last year increased 91 per cent to AED 59.2 billion, as the carrier expanded global capacity following the easing of pandemic-related restrictions.

The stats, which were released by the airline in its annual report for 2021-22, showed strong recovery across its businesses.

Emirates’ total passenger and cargo capacity increased by 47 per cent to 36.4 billion, with five A380 aircraft added to its fleet.

It expanded its network from 120 destinations, at the start of the financial year, to over 140 destinations by March 31, this year.

The airline reported a significantly reduced loss of AED 3.9 billion compared with AED 20.3 billion the previous year

The Emirates Group’s cash balance increased by 30 per cent from last year mainly due to strong demand across its core business divisions and markets. Despite losses of AED 3.8 billion, the Group showed significant improvement when compared to last year due to dnata's "significant revenue growth".

Group revenue of AED 66.2 billion increased by 86 per cent, with the year ended on a promising cash balance of AED 25.8 billion.

"Business recovery picked up pace particularly in the second half of the year. Robust customer demand drove a huge improvement in our financial performance compared to our unprecedented losses of last year and we built up our strong cash balance," said Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group.

 

 

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