During the fiscal year 2024/2025, Emirates SkyCargo demonstrated robust performance by transporting 2.3 million tons of cargo globally, marking a 7% increase from the previous fiscal year. This growth was supported by the addition of two new Boeing 777 freighters and two leased Boeing 747 freighters, which enhanced capacity to meet the rising demand for air freight services.
Despite ongoing challenges in the global logistics sector, Emirates SkyCargo achieved significant revenues of 16.1 billion AED (4.4 billion USD), contributing 13% to Emirates Airline’s total revenue. Additionally, revenue per ton-kilometer rose by 10%, returning to pre-pandemic market levels.
Purchase Orders
Emirates has placed an order for 10 additional Boeing 777 freighters in a substantial investment aimed at solidifying its cargo division’s role as a key player in global trade and logistics.
Once this order is fulfilled, Emirates SkyCargo’s fleet will expand to 21 freighters by December 2026. As of the end of the fiscal year on March 31, 2025, Emirates SkyCargo operated 10 Boeing 777F aircraft. Furthermore, the Emirates Group and its subsidiaries reported remarkable results throughout the fiscal year 2024/2025.
Aircraft Catering
Emirates Flight Catering achieved record revenues of 1.1 billion AED (293 million USD) from international clients, marking an 11% increase over the previous fiscal year. The company provided 15.4 million meals for 114 airline clients in Dubai and committed to a 160 million AED investment to expand its Linencraft facility to handle 400 tons of laundry daily by 2026. Emirates Leisure Retail (ELR) and MMI also reported a 6% increase in revenues, reaching 3.1 billion AED (847 million USD), fueled by strong customer demand across their diverse product portfolio. Both companies expanded their presence by opening retail and food and beverage outlets in 22 new locations, including MMI’s first retail outlet in Sri Lanka.
Thanks to strong cash flows and balances, Emirates continued to meet all contractual obligations during the fiscal year 2024/2025, including advance payments for aircraft and due financing installments, using cash reserves that reached 49.7 billion AED as of March 31.
Emirates also repaid the full amount of its bonds, totaling 750 million USD, issued in 2013 over a 12-year term.
Dnata Performance
Dnata recorded a 2% increase in pre-tax profit, reaching 1.6 billion AED (430 million USD) in 2024/2025, driven by strong performances across all business units, particularly in airport operations and catering.
Dnata’s total revenue surged by 10%, achieving a record high of 21.1 billion AED (5.8 billion USD), propelled by the increase in air travel and tourism worldwide, especially in its key markets: Australia, Europe, the UAE, the UK, and the US.
International operations accounted for 75% of Dnata’s total revenue, consistent with the prior fiscal year.
In line with efforts to enhance operational capabilities and expand capacity to meet customer aspirations and future growth plans, Dnata invested 579 million AED (158 million USD) during the fiscal year 2024/2025. These investments included acquiring electric and hybrid ground support equipment as part of its environmental strategy and building new catering facilities in Australia, as well as expanding cargo infrastructure in the UAE.
Operating Costs
Dnata’s operating costs rose by 10% in the fiscal year to 19.7 billion AED (5.4 billion USD), reflecting the growth of operations across airport operations, catering, retail, and travel. Dnata’s cash balances decreased by 468 million AED to 3.7 billion AED (1 billion USD), primarily due to dividend distributions to its owner, the Dubai Government Investment Corporation, in addition to funding investments and settling financial obligations.
Dnata experienced positive operating cash flows of 2.7 billion AED (735 million USD), showcasing a significant improvement in revenues.
Handling Operations
Dnata manages approximately 70,000 flights annually for 22 airlines in Rome, nearly doubling its market presence in Italy, which includes the airports of Milan-Malpensa and Linate. Dnata has renewed its operating licenses for seven years in both Zurich and Brussels and has launched operations at Raleigh-Durham International Airport in the US.
In cargo handling, Dnata continued its expansion investments to accommodate growing global demand. In Dubai, Dnata Logistics has begun construction on a 57,000 square meter warehouse in Dubai South, with an investment of 27 million USD.