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A special statement for Emirates Airlines for all its customers
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Today, the Emirates Group announced its results for the first six months of its current fiscal year 2021-2022.

Today, the Emirates Group announced its results for the first six months of its current fiscal year 2021-2022.

The revenues of the Emirates Group amounted to 24.7 billion dirhams (6.7 billion US dollars) for the first half of the current fiscal year, an increase of 81% over the same period last year, during which revenues amounted to 13.7 billion dirhams (3.7 billion dollars). This strong recovery in revenue was caused by the easing of travel restrictions around the world and continued strong demand for air freight, in addition to the rapid progress in vaccination programs against "Covid-19".

For the first half of the fiscal year 2021/22, the Emirates Group recorded losses of 5.7 billion dirhams (1.6 billion dollars), a significant improvement over last year's losses of 14.1 billion dirhams ($ 3.8 billion). The group continued to maintain healthy cash balances of 18.8 billion. AED 5.1 billion on September 30, 2021, compared to AED 19.8 billion ($ 5.4 billion) on March 31, 2021.

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group, said: “We have started our current fiscal year with the unprecedented launch of COVID-19 vaccination programs around the world. Across the group, we have seen growth in operations and demand, with most of the Countries ease travel restrictions This momentum accelerated during the summer as growth continued into the winter and beyond The Cargo and Handling business continued to perform strongly, providing the foundation that enabled us to quickly restore passenger services to its former status Although we still have a long way to go. A way to go before we return our operations to pre-pandemic levels and return to profitability, we are moving forward on the path to recovery with good revenues and strong cash balances at the end of the first half of 2021/2022.”

The Emirates Group was able to benefit from its strong cash balances, and access to financing through its owners and the broader financial community to support its business requirements amid the unprecedented challenges imposed by “Covid-19” on the aviation and travel industry. During the first half of 2021/2022, the owners injected 2.5 billion dirhams ($681 million) into Emirates Airlines by investing in shares, and they continue to support the airline on its recovery path.

The number of employees in the Emirates Group recorded a slight decrease compared to March 31, 2020, by 2% to 73,571 employees on September 30, 2021. In line with the expected growth in capacity and business activities in the coming months, Emirates Airlines and dnata launched recruitment campaigns International to support its requirements, with priority given to rehiring employees who have previously been furloughed or laid off.

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