Less than a day after announcing its most prosperous year ever, the Emirates Group has guaranteed a 24-week bonus to more than 100,000 employees. Emirates firmly declined to respond. Khaleej Times has received confirmation from a number of staff members that they did indeed get emails confirming the reward. Sheikh Ahmed bin Saeed Al Maktoum, Chairman group Chief Executive, Emirates Airline and Group, first praised the company for its outstanding performance before informing staff that they “deserve each and every one of the 24-week reward which will be added to [their] May salary. In its 2022–23 annual report, which was published on Thursday, the business reported a record yearly income of Dh10.9 billion (US$ 3.0 billion). From the company’s loss situation, the previous year, this represents a total recovery.
Sheikh Ahmed praised his staff members’ diligence in his remarks on Thursday. For the fiscal year 2022–2023, “we produced an all- time high revenue and cash balance,” he stated. This “reflects the resilience of our successful business model, your careful future planning, the diligent work of all of the staff, and our strong connections across the aviation industry travel ecosystem,” the company said. Sheikh Ahmed also instructed the staff in his email to use the extra cash however they pleased. “Invest it effectively, save it or use it properly and appreciate the results from your hard work,” he advised. The compensation will vary according to the employees’ base salaries. One employee, who wished to remain private, stated that each employee would receive the equivalent of 24 weeks’ pay, or six months’ pay. Following the news, many people expressed joy and relief. One responded, “It’s not all about the money. “Covid marked one of the most difficult periods for us. To have turned it around and arrived in this position is fantastic. It felt if life had stopped.
The accomplishment was praised on Thursday by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and the Prime Minister of the United Arab Emirates and Ruler of Dubai, who said it embodied the essence of the city. “After one of the biggest worldwide crises the aviation industry has seen in the last three years, this year has been the most profitable ever. Emirates Airlines represents Dubai’s spirit. Crisis situations makes us bigger, and each year that passes strengthens our drive to continue leading the world, he said. In 2022–2023, the group extended its air carrier and travel-related businesses as a result of the elimination of nearly all restrictions linked to the pandemic across the globe, which resulted in substantial revenue increases for both Emirates and dnata. The group’s cash position was the largest ever reported at Dh42.5 billion ($11.6 billion).
Dubai: How Emirates changed the tide from cancelling flights after Covid to posting an all-time high income of Dh10.9 billion