{"id":145343,"date":"2023-11-09T13:40:36","date_gmt":"2023-11-09T13:40:36","guid":{"rendered":"https:\/?p=145343"},"modified":"2023-11-10T12:13:03","modified_gmt":"2023-11-10T12:13:03","slug":"emirates-posts-record-half-year-profit-for-fiscal-year-2023-24","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2023\/11\/emirates-posts-record-half-year-profit-for-fiscal-year-2023-24.html","title":{"rendered":"Emirates posts record half-year profit for fiscal year 2023-24"},"content":{"rendered":"<p><strong>Emirates Group<\/strong> on Thursday announced its half-year results for the 2023-24 fiscal year, where it reported a record net profit of AED 10.1 billion ($2.7 billion), beating its half-year profit last year of AED 4.2 billion ($1.2 billion) by 138%.<\/p>\n<p>The Group also reported an EBITDA of AED 20.6 billion (US$ 5.6 billion), a significant improvement from AED 15.3 billion (US$ 4.2 billion) during the same period last year, illustrating its strong operating profitability.<\/p>\n<p>Group revenue was AED 67.3 billion (US$ 18.3 billion) for the first six months of 2023-24, up 20% from AED 56.3 billion (US$ 15.3 billion) last year. This was driven by strong demand for air transport across the world.<\/p>\n<p><em><strong>\u2192 <a href=\"https:\/en\/2023\/09\/emirates-and-united-expand-partnership-to-include-flights-to-and-from-mexico.html\">Emirates and United expand partnership to include flights to and from Mexico<\/a><\/strong><\/em><\/p>\n<p>The Group closed the first half year of 2023-24 with a solid cash position of AED 42.7 billion (US$ 11.6 billion) on 30 September 2023, compared to AED 42.5 billion (US$ 11.6 billion) on 31 March 2023. The Group has been able to tap on its own strong cash reserves to support business needs, including debt payments.<\/p>\n<p>&#8220;The group&#8217;s record performance during the first six months of 2023-24 is the result of forward planning, agile business response and the efforts of our talented and committed employees,&#8221; said Sheikh Ahmed bin Saeed Al Maktoum, Chairman and CEO of Emirates Airline and Emirates Group.<\/p>\n<p>To support increased operations and business activities, the Emirates Group\u2019s employee base, compared to 31 March 2023, grew 6% to an overall count of 108,996 on 30 September 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"Emirates Group on Thursday announced its half-year results for the 2023-24 fiscal year, where it reported a record&hellip;\n","protected":false},"author":4316,"featured_media":129439,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[603,230,335],"class_list":{"0":"post-145343","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-aerolinea-en-2","9":"tag-airline","10":"tag-emirates-2"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300.jpg",80,40,false],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300.jpg",300,150,false],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/07\/Emirates-Boeing-777-300.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"Emirates Group on Thursday announced its half-year results for the 2023-24 fiscal year, where it reported a record&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/145343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=145343"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/145343\/revisions"}],"predecessor-version":[{"id":145344,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/145343\/revisions\/145344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/129439"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=145343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=145343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=145343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}