#Emirates publishes ‘Annual Report 2017/8’

THIRTY YEARS OF UNINTERRUPTED PROFITS FOR EMIRATES

Emirates Group Announces 2017-18 results

· Group records 30th consecutive year of profit of AED 4.1 billion (US$ 1.1 billion)

· Solid business growth in line with capacity increases leading to a record revenue of more than AED 100 billion (US$ 27.2 billion) for the 1st time

· Improved cash balance of AED 25.4 billion (US$ 6.9 billion)

· Declares a dividend of AED 2.0 billion (US$ 545 million) to the Investment Corporation of Dubai

· Emirates reports a profit of AED 2.8 billion (US$ 762 million), 124% better than the previous year

· Airline capacity crosses 61 billion ATKM with a net addition of 9 new aircraft to the fleet

· Revenue increases by 9% to AED 92.3 billion (US$ 25.2 billion), supported by strong cargo performance

· dnata makes highest profit ever, at AED 1.3 billion (US$ 359 million)

· Record revenue of AED 13.1 billion (US$ 3.6 billion) reflects further business expansion, with international business now accounting for 68% of revenue

· Expands global footprint with ground handling acquisitions in the Americas, adds new facilities and service capabilities across its airport operations, catering, and travel services divisions

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