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The Emirates Group – Company Information

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The Emirates Group is an aviation holding company, based in Garhoud, Dubai, United Arab Emirates.

It is wholly owned by the Government of Dubai, under the Investment Corporation of Dubai.

The two major divisions of The Emirates Group are Emirates airline, the largest airline in the Middle East (operating around 3,400 flights per week), and Dnata, which provides services in ground handling, cargo, travel, IT solutions and flight catering.

It has a portfolio of more than 50 brands in air transport, airport aviation services, engineering services, flight catering, IT, retail, risk management and security, tour operator and events management, travel, air cargo support services, freight forwarding and logistics, hotels and resorts, loyalty programs, and training.

Its brands include:

Emirates, dnata, Emirates SkyCargo, Alpha Flight Group Ltd., Emirates Flight Catering, En Route International Ltd, Wings Inflight Services, dnata Contact Centres, Freightworks, SDV-UAE LLC, Al Maha, Dubai Marriott Harbour Hotel & Suites, Emirates Wolgan Valley Resort & Spa, Le Meridien Al Aqah Beach Resort, Premier Inn, Emirates High Street, Emirates Group Security, Transguard, Transguard Group, Arabian Adventures, Congress Solutions International, Gulf Ventures, Emirates Holidays, Emirates Holidays UK, EmQuest, mmi travel, Calogi, Cargo Partners, dnata-PWC Airport Logistics LLC (DPAL), marhaba, Emirates Engineering, Skywards, Emirates Leisure Retail (ELR), mmi, Sirocco, 7he Sevens, Arsenal Soccer Schools Dubai, Emirates Aviation University, and Emirates CAE Flight Training.

The company is one of the biggest employers in the Middle East, with approximately 62,000 employees across all its 50 business units.

The history of the company traces back to 1959, with the creation of dnata by the Dubai Government – to provide ground handling services at the Dubai International Airport. Emirates Airlines was created in March 1985 with financial support from Dubai’s royal family – it quickly became one of the fastest growing airlines in the world.

Overview

The Emirates Group logo

  • Chairman and Chief Executive: Sheikh Ahmed bin Saeed Al-Maktoum
  • President: Timothy Clark
  • Type: Government-owned corporation
  • Industry: Aviation
  • Revenue: AED 80.717 billion (2013)
  • Net profit: AED 3.417 billion (2013)
  • Employees: 62,000 (2013)
  • Corporate headquarters: Emirates Group Headquarters, Dubai International Airport, Garhoud, Dubai, United Arab Emirates
Income data (in AED millions) 2014* 2013*
Revenue 80,717 71,159
Other operating income 1,919 1,954
Operating costs (78,376) (70,274)
Operating profit 4,260 2,839
Finance income 247 406
Finance costs (1,179) (900)
Share of results of investments accounted for using equity method 136 127
Profit before income tax 3,464 2,472
Income tax expense (47) (64)
Profit for the year 3,417 2,408
Profit attributable to non-controlling interests 163 125
Profit attributable to Emirates’ Owner 3,254 2,283
Total comprehensive income attributable to Emirates’ Owner 3,240 2,278
Balance sheet data (in AED millions)
Total assets 101,604 94,803
Total liabilities 76,133 71,771
Total equity 25,471 $23,032
Cash flow data (in AED millions)
Net cash provided by operating activities 12,649 12,814
Net cash used in investing activities (4,257) (15,061)
Net cash provided by (used in) financing activities (7,107) 1,240
Cash and cash equivalents at end of period 7,800 6,520

*For the fiscal year ended 31 March.
Source: “The Emirates Group 2013-14 Financial Information”

The Emirates Group financial data 2013-2014