Big staff bonus as Emirates hits record profit of Dh18.7 billion

Estimated read time 3 min read

Emirates is a Dubai-based airline.

Dubai-based Emirates Group announced on Monday (May 13) that it hit a new record profit of Dh18.7 billion, marking a 71 percent increase compared to last year’s profit.

The airline will pay employees a bonus equivalent to 20 weeks’ worth of salary, according to an internal staff email on Monday.

In the email, Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates airline and Group, praised employees “for powering our collective ambitions and for achieving them, you deserve every dirham of the 20-week profit share”.

According to Emirates Group, it record profit came amid increasing demand in travel and as it expanded its global operations, which also helped Emirates and dnata draw significant profit and revenue.

Sheikh Ahmed said: “The Emirates Group 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. 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.”

“Both Emirates and dnata have forged successful business models leveraging Dubai’s unique advantages, in turn generating enormous value for Dubai and the communities they serve around the world,” he added.

Employee bonuses

Following the announcement, Emirates employees were excited to receive news of yet another huge bonus. In May last year, Emirates Group gave an estimated 100,000 employees worldwide bonuses equivalent to 24-weeks worth of salary after it posted a record profit of Dh10.9 billion.

An Emirates employee told Expat Media that they were told that if Emirates reaches its sales target this year, then employees can expect another profit-sharing bonus. An email sent out to employees on Monday confirmed that they can expect a bonus equivalent to a 20-week salary this month.

Emirates Group’s workforce has grown by 10 percent to 112,406 employees this year, its largest size ever. Last month, it went on a global recruitment drive, including in the Philippines where thousands of jobseekers applied as cabin crew.

Emirates Group also invested Dh8.8 billion in new aircraft, facilities, equipment, companies, and the latest technologies as part of its expansion plans. ICA/Expat Media

ALSO READ: Emirates to transfer all operations to new Dubai airport

For all the latest news from the UAE and the world, follow us on Facebook, Twitter and Instagram and subscribe to our YouTube page

You May Also Like

More Stories

+ There are no comments

Add yours