Long-haul carrier Emirates sees $4.7 billion profit in 2023 as airline takes flight after pandemic
7 months, 1 week ago

Long-haul carrier Emirates sees $4.7 billion profit in 2023 as airline takes flight after pandemic

Associated Press  

DUBAI, United Arab Emirates — The long-haul carrier Emirates announced Monday it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations. “Throughout the year, we saw high demand for air transport and travel related services around the world, and because we were able to move quickly to deliver what customers want, we achieved tremendous results,” Sheikh Ahmed bin Saeed Al Maktoum, the chairman and CEO of Emirates, said in a statement. The world’s busiest airport for international travelers had 86.9 million passengers last year, surpassing numbers for 2019 just before the coronavirus pandemic grounded global aviation. Saudi Arabia plans to push into the market with Riyadh Air, a new carrier that made a jet deal valued around $37 billion with Boeing just last year with the flagship carrier Saudia.

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History of this topic

As the Middle East frets about conflict, Dubai booms with an influx of anxious wealth
4 months, 1 week ago

As the Middle East frets about conflict, Dubai booms with an influx of anxious wealth

Associated Press  

DUBAI, United Arab Emirates — As conflict casts a shadow across the Middle East, people are getting rich in Dubai. Across the city, valuations for Dubai’s upscale villas have set a new record, increasing around 38% in the second quarter of 2024 compared to last year, according to real estate consultancy ValuStrat. Meanwhile, Dubai International Airport — the world’s busiest …

Dubai's DXB airport sees record year for passengers after 8% rise in H1
4 months, 2 weeks ago

Dubai's DXB airport sees record year for passengers after 8% rise in H1

Hindustan Times  

RIYADH, - Dubai's main airport is on track to handle a record number of passengers this year after an 8% year-on-year increase in the first six months, operator Dubai Airports said on Wednesday. Dubai's DXB airport sees record year for passengers after 8% rise in H1 Dubai International Airport, the world's busiest airport for international traffic, welcomed 44.9 million passengers …

Dubai International Airport, busiest for global travel, sees half-year record of 44.9M passengers
4 months, 2 weeks ago

Dubai International Airport, busiest for global travel, sees half-year record of 44.9M passengers

Associated Press  

DUBAI, United Arab Emirates — Dubai International Airport saw a record 44.9 million travelers pass through its terminals in the first half of this year, putting the world’s busiest airport for international travel back on track to beat its all-time record, as aviation booms after the coronavirus pandemic. In April, Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum announced plans …

Holidays will continue to get more expensive, experts warn
6 months, 2 weeks ago

Holidays will continue to get more expensive, experts warn

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. While carriers recover from the groundings worldwide from the coronavirus pandemic, industry leaders told journalists that there are several costs …

Airline industry to record a profit of $1 trillion in 2024
6 months, 2 weeks ago

Airline industry to record a profit of $1 trillion in 2024

The Hindu  

The global airline industry is expected to record a profit of $1 trillion for the year 2024 as it marks its recovery from the Covid-19 pandemic, according to the International Association of Air Transport Association. “Aviation has recovered from the pandemic and is growing profitably,” Willie Walsh, Director General of IATA, said at its 80th Annual General Meeting being held …

Dubai plans to move its busy international airport to a $35 billion new facility within 10 years
7 months, 3 weeks ago

Dubai plans to move its busy international airport to a $35 billion new facility within 10 years

Associated Press  

Dubai International Airport, the world’s busiest for international travel, will move its operations to the city-state’s second, sprawling airfield in its southern desert reaches “within the next 10 years” in a project worth nearly $35 billion, its ruler said Sunday. Sheikh Mohammed bin Rashid Al Maktoum’s announcement marks the latest chapter in the rebound of its long-haul carrier Emirates after …

Most passengers at Dubai airport are Indians. Any guesses on how many?
10 months ago

Most passengers at Dubai airport are Indians. Any guesses on how many?

Hindustan Times  

India emerged at the top spot for the highest number of passengers flying through the Dubai International Airport, the world’s busiest for international travel, with traffic totalling 11.9 million guests, the airport announced on Monday. With 7.8 million guests, December was the busiest month in the fourth quarter during which the airport welcomed a total of 22.4 million guests, a …

Dubai International Airport had 86.9 million passengers last year in a post-pandemic surge
10 months ago

Dubai International Airport had 86.9 million passengers last year in a post-pandemic surge

Associated Press  

DUBAI, United Arab Emirates — The number of passengers flying through Dubai International Airport, the world’s busiest for international travel, surged last year beyond its total for 2019 — just before the coronavirus pandemic grounded global aviation. That helped boost its tourism industry as attractions like the Burj Khalifa, the world’s tallest building, and the sail-shaped Burj Al-Arab luxury hotel …

Dubai International Airport had 86.9 million passengers last year in a post-pandemic surge
10 months ago

Dubai International Airport had 86.9 million passengers last year in a post-pandemic surge

New Indian Express  

DUBAI, United Arab Emirates: The number of passengers flying through Dubai International Airport, the world’s busiest for international travel, surged last year beyond its total for 2019 — just before the coronavirus pandemic grounded global aviation. Overall in 2023, the airport had 86.9 million passengers. The airport’s 2019’s annual traffic was 86.3 million passengers. The airport had 89.1 million passengers …

Long-haul carrier Emirates announces $52 billion aircraft buy from Boeing as Dubai Air Show opens
1 year, 1 month ago

Long-haul carrier Emirates announces $52 billion aircraft buy from Boeing as Dubai Air Show opens

Associated Press  

DUBAI, United Arab Emirates — Long-haul carrier Emirates opened the Dubai Air Show on Monday with a $52 billion purchase of Boeing Co. aircraft, showing how aviation has bounced back after the groundings of the coronavirus pandemic, even as Israel’s war with Hamas clouds regional security. Emirates CEO and Chairman Sheikh Ahmed bin Saeed Al Maktoum said the deal would …

Dubai International Airport sees 41.6 million passengers in first half of year, more than in 2019
1 year, 4 months ago

Dubai International Airport sees 41.6 million passengers in first half of year, more than in 2019

Associated Press  

DUBAI, United Arab Emirates — Dubai International Airport, the world’s busiest for international travel, announced Tuesday it served 41.6 million passengers in the first half of this year — exceeding figures for the same period in 2019 as travelers return to the air after the lockdowns of the coronavirus pandemic. “Dubai International Airport has once again recorded for the ninth …

Long-haul carrier Emirates sees highest-ever profit in 2022 of $2.9B after pandemic grounded flights
1 year, 7 months ago

Long-haul carrier Emirates sees highest-ever profit in 2022 of $2.9B after pandemic grounded flights

Associated Press  

DUBAI, United Arab Emirates — Long-haul carrier Emirates saw its most-profit year ever in 2022, earning $2.9 billion after bouncing back from the coronavirus pandemic shutting down global aviation, the airline announced Thursday. The carrier’s revival comes as Dubai, which owns the airline, has seen property prices skyrocket and people flood into the city-state in the United Arab Emirates as …

Emirates adds 5 new Airbus A380s to summer flights schedule, braces for travel surge
1 year, 7 months ago

Emirates adds 5 new Airbus A380s to summer flights schedule, braces for travel surge

Hindustan Times  

Emirates expressed its optimism for the next summer season in terms of the strong recovery with full occupancy rates on a large number of flights within its global network of destinations. Emirates adds 5 new Airbus A380s to summer flights schedule, braces for travel surge The Dubai-based international air carrier revealed that it is adding 5 new Airbus A380s to …

Traffic surges at Dubai airport but lags behind 2019 peak
1 year, 10 months ago

Traffic surges at Dubai airport but lags behind 2019 peak

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Emirates Breaks Record, Bags USD 1.2 Billion Half-Year Profit
2 years, 1 month ago

Emirates Breaks Record, Bags USD 1.2 Billion Half-Year Profit

News 18  

The group owning long-haul carrier Emirates saw record-breaking half-year profits of USD 1.2 billion this year, the company announced on Thursday, as global travel resumes after the lockdowns of the coronavirus pandemic. The results from the Emirates Group represent a major turnaround after posting a USD 1.6 billion loss in the same period last year. Emirates Group, which includes the …

Qatar Airways posts record $1.5B profits ahead of World Cup
2 years, 6 months ago

Qatar Airways posts record $1.5B profits ahead of World Cup

Associated Press  

DUBAI, United Arab Emirates — Qatar Airways, one of the Mideast’s largest carriers known for on-board comfort and luxury, said Thursday its profits over the past fiscal year topped $1.5 billion, marking the highest ever earnings for the state-owned carrier as it prepares to see a record surge in travelers for the upcoming FIFA World Cup soccer games. Qatar Airways …

Travel is back: Dubai airport logs busiest quarter in years
2 years, 7 months ago

Travel is back: Dubai airport logs busiest quarter in years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Dubai International Airport, the world's …

Emirates to start paying back Dubai for its $4B lifeline
2 years, 7 months ago

Emirates to start paying back Dubai for its $4B lifeline

Associated Press  

DUBAI, United Arab Emirates — Long-haul carrier Emirates plans to use projected profits from this fiscal year to pay back the Dubai government some of the nearly $4 billion it pumped into the beleaguered airline during the height of the coronavirus pandemic, its chairman said Tuesday. Emirates’ CEO and Chairman Sheikh Ahmed bin Saeed Al Maktoum said the Dubai-based airline …

Dubai airport is busiest for global travel as virus persists
2 years, 10 months ago

Dubai airport is busiest for global travel as virus persists

Associated Press  

DUBAI, United Arab Emirates — Dubai’s main airport said Tuesday it has retained its top place as the world’s busiest for international travel with around 29 million passengers shuttling through the global gateway last year. Last year’s figure represents a 12% increase in traffic at Dubai International Airport compared to 2020, which had recorded nearly 26 million travelers. Still, even …

Dubai Airport Fully Operational for First Time Since Pandemic in March 2020
3 years ago

Dubai Airport Fully Operational for First Time Since Pandemic in March 2020

News 18  

Dubai airport, one of the world’s busiest travel hubs, is fully operational for the first time since the coronavirus pandemic erupted in March 2020, officials said Monday. “Following the opening of the final phase… airport is 100 percent operational with all terminals, concourses, lounges, restaurants, and retail outlets now open,” said a statement carried by the UAE’s official WAM news …

Dubai International Airport sees passenger traffic drop 40% in 2021
3 years, 4 months ago

Dubai International Airport sees passenger traffic drop 40% in 2021

The Hindu  

Dubai International Airport, the world’s busiest airport for international travel, handled some 40% less passenger traffic in the first half of 2021, compared to the same period last year, its chief executive said Wednesday. The 10.6 million passengers that passed through the airport over the past six months “is still very positive,” Mr. Griffiths said, “I think coupled with the …

Dubai airport expects passenger surge as UAE eases travel curbs
3 years, 4 months ago

Dubai airport expects passenger surge as UAE eases travel curbs

Live Mint  

DUBAI: Dubai's state airport operator expects a "surge" in passenger traffic over the coming weeks and months, its chief executive said on Wednesday, after the United Arab Emirates announced an easing of travel restrictions from African and Asian countries. The Gulf state, a major international travel hub, on Tuesday said it would scrap on Aug. 5 a transit flight ban …

Dubai Airport Targets 8 Percent Growth to 28 Million Passengers This Year, CEO Says
3 years, 6 months ago

Dubai Airport Targets 8 Percent Growth to 28 Million Passengers This Year, CEO Says

News 18  

Dubai’s state airport operator is hoping for a “flood" of travellers as the coronavirus pandemic eases, targeting passenger traffic through Dubai International Airport to grow 8% to 28 million this year as demand rebuilds. I believe it will be an absolute flood of demand when people get the confidence to travel again," Dubai Airports Chief Executive Paul Griffiths told Reuters …

Emirates Air posts $5.5B loss as virus disrupts travel
3 years, 6 months ago

Emirates Air posts $5.5B loss as virus disrupts travel

Associated Press  

DUBAI, United Arab Emirates — The Middle East’s largest airline, Emirates, announced on Tuesday a net loss of $5.5 billion over the past year as revenue fell by more than 66% due to global travel restrictions sparked by the coronavirus pandemic. “Many countries are battling new variants and a third or fourth wave of COVID-19 infections, and international travel is …

Emirates airline posts $5.5bn loss as virus disrupts travel
3 years, 6 months ago

Emirates airline posts $5.5bn loss as virus disrupts travel

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Middle East's largest airline, Emirates, announced on Tuesday a net loss of $5.5bn over the …

Budget carrier flydubai posts $194M loss due to pandemic
3 years, 7 months ago

Budget carrier flydubai posts $194M loss due to pandemic

Associated Press  

DUBAI, United Arab Emirates — Dubai’s budget carrier flydubai reported Sunday a loss of $194 million in 2020 as revenue fell by more than 50% in what it described as one of the toughest years in the aviation industry. The company said the hardest weeks last year were between the end of March and the first week of July, a …

Abu Dhabi’s Etihad Airways Reports $1.7 Billion Loss in 2020 amid Covid-19 Crisis
3 years, 9 months ago

Abu Dhabi’s Etihad Airways Reports $1.7 Billion Loss in 2020 amid Covid-19 Crisis

News 18  

Abu Dhabi’s national carrier Etihad on Thursday reported core operating losses of $1.7 billion in 2020, reflecting the severe toll of the coronavirus pandemic on the long-troubled airline that has lost billions in recent years. Etihad reported revenues of $2.7 billion in 2020 compared to $5.6 billion the year before, a precipitous decline it attributed to drastically fewer people traveling …

Dubai Airport Witnesses 70 Percent Plunge in Passenger Traffic Amid Covid-19 Pandemic
3 years, 10 months ago

Dubai Airport Witnesses 70 Percent Plunge in Passenger Traffic Amid Covid-19 Pandemic

News 18  

Dubai International Airport saw the coronavirus pandemic push passenger traffic down by an unprecedented 70% in 2020 compared to the previous year, its CEO announced Monday, even as the airport held onto its prized title as the worlds busiest for international travel. For months as the travel industry collapsed worldwide, Dubai’s massive airport, which saw 86.4 million passengers in 2019, …

Dubai airport sees passenger traffic drop 70% amid pandemic
3 years, 10 months ago

Dubai airport sees passenger traffic drop 70% amid pandemic

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Dubai International Airport saw the …

As virus cases spike, financial outlook for airlines dims
4 years ago

As virus cases spike, financial outlook for airlines dims

Associated Press  

With coronavirus cases spiking in the U.S. and Europe, the financial outlook of the world’s airlines is getting worse. Airlines will lose more than $157 billion over this year and next because of the pandemic, their main trade group said on Tuesday, The forecast from the International Air Transport Association was worse than the group’s June estimate of $100 billion …

State-owned Emirates posts $3.8 billion in half-year losses
4 years, 1 month ago

State-owned Emirates posts $3.8 billion in half-year losses

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

CEO: Dubai airport preps for possible 'slow' virus recovery
4 years, 1 month ago

CEO: Dubai airport preps for possible 'slow' virus recovery

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. After long-haul carrier Emirates drastically …

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