Emirates reports record profits as demand for air travel surges

An Emirates plane taxis to a gate at Dubai International Airport (Adam Schreck/AP)

Long-haul carrier Emirates has reported record profits, earning 2.9 billion dollars (£2.3bn) in 2023 after bouncing back from the coronavirus pandemic which shut down global aviation.

The carrier’s revival comes as Dubai, which owns the airline, has seen property prices rocket and people flood into the city-state in the United Arab Emirates as it lifted pandemic restrictions quickly and welcomed Russians fleeing Moscow’s war on Ukraine.