Emirates Group Announces 2021-22 Results

The Emirates Group released its 2021-22 Annual Report on May 13, which posted a loss of AED 3.8 billion (US$ 1.0 billion) for its financial year ending March 31, 2022, compared with an AED 22.1 billion (US$ 6.0 billion) loss for last year. The Group’s revenue was AED 66.2 billion (US$ 18.1 billion), an increase of 86% over last year’s results. The Group’s cash balance was AED 25.8 billion (US$ 7.0 billion), up 30% from last year mainly due to strong demand across its core business divisions and markets, triggered by the easing of pandemic-related restrictions. His Highness Sheikh Ahmed