EK records strong recovery

EK records strong recovery

THE Emirates Group has recorded an 86% rise in revenue this financial year versus 2020/21, reaching AED 66.2 billion (A$26 billion), according to figures in the airline group’s Annual Report.

Emirates Airline reported revenue up by 91%, with the overall group’s financial result for the 12 months to 31 Mar coming in at a AED 278m (A$109m) loss.

The airline tripled the number of passengers it transported this year to 19.6 million passengers, up from 6.6 million last year, while its cargo division also performed strongly, accounting for 37% of EK’s total revenue.

EK was operating over 1,100 weekly passenger flights to 127 airports around the world by the end of the last month, with its full Boeing 777 fleet and over half of its A380s in active service.

The airline took delivery of five new A380 aircraft over the year, and added a new destination, Miami, United States, to its route network in Jul.

Other highlights this past year for the airline include reactivation of strategic partnerships with Qantas and flydubai, and new agreements with a number of tourism organisations.

Looking at the year ahead, EK plans to undertake a major retrofit programme starting Nov, to equip 120 of its existing 777 and A380 aircraft with its latest cabin class plus updated interiors.

Emirates Airline & Group Chairman and Chief Executive HH Sheikh Ahmed bin Saeed Al Maktoum said the 2021-22 FY was “largely about recovery”, and expects the Group to return to profitability next year.

Maktoum believes EK is “well positioned to play [its] role in contributing to economic growth, facilitating global engagement, and making a positive impact on people and communities”.

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Source: traveldaily