Look: Dubai Ruler shares rare photos of Emirates Airlines, lauds group on success

Emirates Airlines represents the spirit of Dubai - crises only make us stronger. This is how Dubai’s ruler congratulated the Emirates Group for recording its most profitable year ever in sharp contrast to the company’s loss position last year.

“Emirates Airlines announced its annual financial results, achieving record profit of AED 10.9 billion and revenue of 119.8 billion dirhams. It carried 43 million passengers and had a staff of 102,000 employees. This is the most profitable year ever, following one of the worst global crises that the aviation sector has experienced in the past three years. Emirates Airlines represents the spirit of Dubai. Times of crises make us stronger, and each passing year further strengthens our resolve to remain at the forefront globally,” tweeted His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

The Dubai ruler also shared rare photos chronicling the growth of Emirates Airlines, showing his active involvement in the group’s functioning.

One of the photos, shot in black and white, showed Sheikh Mohammed accompanied by Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group on one of the first flights of the airline. Standing behind them is the late Sir Maurice Flanagan, founding CEO of Emirates and former executive vice chairman of Emirates Group.

On Thursday, the company released its 2022-23 annual report and posted a record annual profit of Dh10.9 billion (US$ 3.0 billion). This is a complete turnaround from the company’s loss position last year.

“The growth and success of Emirates has been at the heart of Dubai’s rise as an aviation leader. The airline’s vast reach has also helped Dubai strengthen its global role as a bridge between markets and cultures,” he wrote, as quoted by Dubai Media Office (DMO) in a series of tweets.

Both Emirates and dnata saw significant revenue increases in 2022-23 as the group expanded its air transport and travel-related operations following the removal of nearly all pandemic-related restrictions around the world. The Group’s cash balance was Dh42.5 billion (US$ 11.6 billion), the highest ever reported.

“Over the last 30 years, Emirates carried nearly 720 million passengers and 38 million tonnes of cargo both to and through #Dubai. Together with its partners, Emirates offers flights to over 500 cities, connecting people in every corner of the world with our city,” he continued in a second tweet.

In another photo, Sheikh Mohammed can be seen along with Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, standing behind Sheikh Ahmed and then Boeing CEO Kevin McAllister, as the latter signed an agreement.

Emirates carried 43.6 million passengers (up 123 per cent) in 2022-23, with seat capacity up by 78 per cent. The airline also expanded its global footprint with the launch of operations in Zanzibar and Tanzania; new cargo operations in Germany and Canada; and acquiring full ownership of ground handling operations in Brazil.

In another photo, the Dubai leader can be seen standing in front of a plane that celebrated 100 years of the birth of UAE’s founding father, Sheikh Zayed bin Sultan Al Nahyan, in 2018.

• Dubai: Emirates Group announces highest-ever profit at Dh10.9 billion