Long-haul carrier Emirates to see $4.7 billion profit in 2023 as airline flies after pandemic

Long-haul carrier Emirates says it hit record profits of $4.7 billion in 2023, as the airline takes off full steam after turbulent years of the coronavirus pandemic disrupted its operations.

Dubai government-owned Emirate announced revenue of $33 billion, compared with $29.3 billion a year earlier. Profit last year was $2.9 billion.

The airline carried 51.9 million passengers in its 2023 fiscal year, compared with 43.6 million a year earlier.

“Throughout the year, we saw high demand for air transportation and travel-related services around the world, and because we were able to move quickly to give customers what they want, we achieved tremendous results,” Sheikh Ahmed Bin Saeed Al Maktoum, Chairman and CEO of Emirates, said in a statement.

“We are benefiting from years of continued investment in our products and services, in building strong partnerships, and in the capabilities of our talented people.”

Emirates' results match those at its base, Dubai International Airport. The airport, the world's busiest for international travelers, handled 86.9 million passengers last year, surpassing 2019's numbers just before the coronavirus pandemic halted global aviation. The airport had 89.1 million passengers in 2018 – its busiest year ever before the pandemic.

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