Emirates to pay employees 20 weeks bonus; reports record profits

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 f...

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. According to an internal email sent to staff seen by The Associated Press, the airline also gave its over 112,000 employees 20-weeks bonus pay. 

Emirates, owned by Dubai's government, announced revenues of $33 billion, compared to $29.3 billion the year before. Profit the year prior had been $2.9 billion.

The airline carried 51.9 million passengers in its 2023 financial year, as compared to 43.6 million the year prior.

"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,” Chairman and CEO of Emirates HH Sheikh Ahmed bin Saeed Al Maktoum, said in a statement.

"We are reaping the benefit of years of non-stop investments in our products and services, in building strong partnerships, and in the capabilities of our talented people.”