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Emirates Group cuts loss as travel demand recovers

Operators
Rob Gill
13 May 2022

Emirates Group has cut its losses by 83% from $6 billion (£4.9 billion) to $1 billion (£820 million) during its last financial year, with revenue rebounding by 86% to $18.1 billion (£14.8 billion) as demand for travel has picked up.

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The Dubai-based company said that dnata had returned to profit for the financial year to 31 March 2022, as revenue for its travel services division, which includes UK operators such as Gold Medal, rose by 434% to $189 million (£155 million) year-on-year.

“During the year, dnata introduced several new products and services in the UAE, capitalising on its market expertise, Dubai’s open borders for international travel, the city’s hosting of Expo 2020 as well as other major conferences and sporting events,” said the company in its annual financial report.