The Emirates Group has announced its strongest financial results ever for the fiscal year ending March 31, 2025, posting a record pre-tax profit of AED 22.7 billion (US$ 6.2 billion), marking an 18% increase compared to the previous year. The Group’s total revenue climbed 6% to AED 145.4 billion (US$ 39.6 billion), while cash reserves rose by 13% to reach AED 53.4 billion (US$ 14.6 billion).

Earnings before interest, taxes, depreciation, and amortization (EBITDA) also hit a new high of AED 42.2 billion (US$ 11.5 billion), reflecting strong operational efficiency.

At the forefront, Emirates airline delivered a pre-tax profit of AED 21.2 billion (US$ 5.8 billion), up 20%, alongside record revenues of AED 127.9 billion (US$ 34.9 billion). The airline’s cash holdings increased by 16% to AED 49.7 billion (US$ 13.5 billion). Emirates expanded its route network to 148 cities across 80 countries, introducing new destinations such as Bogotá and Madagascar, while resuming flights to major cities including Phnom Penh, Lagos, Adelaide, and Edinburgh.

The carrier enhanced services to 21 destinations and strengthened its global connectivity through 33 codeshare and 118 interline agreements, providing access to over 1,750 cities worldwide. Passenger and cargo capacity grew by 4% to 60.0 billion Available Ton Kilometers (ATKMs), nearing pre-pandemic levels. The fleet expanded with the addition of Airbus A350 aircraft, bringing the total to 260 planes, with an average fleet age of 10.7 years and a substantial order backlog to support future growth.

Dnata, the Group’s aviation services division, also posted solid gains, recording a pre-tax profit of AED 1.6 billion (US$ 430 million), a 2% increase, and revenues up 10% to AED 21.1 billion (US$ 5.8 billion). The division’s cash reserves stood at AED 3.7 billion (US$ 1 billion).

This fiscal year was the first affected by the UAE’s newly implemented corporate tax, resulting in a 9% tax charge and a net profit after tax of AED 20.5 billion (US$ 5.6 billion). The Emirates Group declared a dividend payout of AED 6.0 billion (US$ 1.6 billion) to its sole shareholder, the Investment Corporation of Dubai. Additionally, employees will benefit from a record bonus equivalent to 22 weeks’ salary.

Chairman Sheikh Ahmed bin Saeed Al Maktoum attributed the Group’s exceptional performance to strong leadership, a resilient business model, and Dubai’s dynamic economic environment. He highlighted plans to reinvest profits into enhancing customer experience, employee welfare, and technological advancements to maintain the Group’s competitive edge.

Emirates’ ongoing network expansion, operational excellence, and premium service focus have solidified its status as the world’s most profitable airline and positioned the Emirates Group as the leading global aviation group for the 2024-25 financial year.

Etihad Airways and TAP Air Portugal have officially launched a comprehensive frequent flyer partnership as of May 14, 2025, marking a significant expansion in loyalty benefits and global connectivity for travelers. Under this new agreement, members of Etihad Guest and TAP Miles&Go can now earn and redeem miles seamlessly across both airlines’ networks, greatly enhancing travel flexibility and reward options.

For Etihad Guest members, the partnership opens up the ability to redeem miles not only on flights but also on worldwide hotel stays, holiday packages, and a wide range of products from the Etihad Guest Reward Shop. TAP Miles&Go members enjoy similar flexibility, with the option to use their miles for flights and a variety of exclusive offers, including items from the TAP Store.

This integration means that both frequent and occasional travelers can accelerate their rewards and enjoy a more comprehensive travel experience, covering everything from airfare to accommodation and curated holiday packages.

The partnership builds on a strategic codeshare agreement established between the two airlines in 2023, which had already enhanced connectivity and destination choices for passengers. The combined route networks now span North and South America, Europe, Africa, Asia, Australia, and the Middle East, allowing members to access a truly global array of destinations.

For example, Etihad Guest members can earn miles on TAP-operated flights to cities such as Los Angeles, Rio de Janeiro, and Cancun, while TAP Miles&Go members can now earn and redeem miles on Etihad’s growing network, including new destinations like Chiang Mai, Hong Kong, and Medan.

The partnership also emphasizes improved customer experience through streamlined booking, mileage tracking, and the potential for joint promotions, tier benefits, and personalized offers. According to Mark Potter, Managing Director of Etihad Guest, this collaboration offers members even more ways to earn and redeem miles across the Americas, Europe, and Africa, reinforcing Etihad’s commitment to rewarding loyalty wherever members travel.

Pedro Flores Ribeiro, Director of TAP Miles&Go, highlighted the excitement of offering TAP members the opportunity to redeem miles on Etihad flights and welcoming Etihad Guest members to experience TAP’s renowned Portuguese hospitality.

Both airlines bring strong reputations and extensive networks to the partnership. Etihad Airways, based in Abu Dhabi, is recognized for its award-winning service and global reach, while TAP Air Portugal, a Star Alliance member since 2005, operates one of the youngest and most efficient fleets in Europe and has been ranked the safest airline in Europe for 2025.

This alliance is expected to drive cross-brand loyalty, attract new customers, and set a new standard for frequent flyer benefits in the competitive airline industry

India’s budget airline powerhouse, IndiGo, is making bold moves to expand its international presence, with the launch of daily direct flights from Mumbai and Kannur to Fujairah starting May 15. This milestone makes Fujairah IndiGo’s fifth UAE destination and its 41st international route, strengthening the airline’s strategic footprint across the Middle East.

To enhance connectivity beyond Fujairah, IndiGo will also offer dedicated bus services linking Fujairah with Dubai and Sharjah—adding to its existing UAE network that includes Abu Dhabi, Dubai, Ras Al Khaimah, and Sharjah.

“As our 41st international destination and fifth in the UAE, these new flights will further enhance regional connectivity,” said Vinay Malhotra, Head of Global Sales at IndiGo.

Wider Horizons: Dreamliners and Europe-Bound Ambitions
The Fujairah announcement comes as part of a broader international expansion push by the airline. On Friday, IndiGo revealed it is increasing its wide-body fleet by acquiring two additional Boeing 787-9 Dreamliners from Norse Atlantic Airways, adding to an existing damp-lease agreement that already includes four aircraft.

Currently, one Dreamliner (registration LN-FNC) has been flying under IndiGo’s banner since March 1, 2025, with three more set to be deployed later this year. The two newly announced aircraft are expected to join the fleet by early 2026, with the lease potentially extending to 18 months, pending regulatory approval.

These long-haul aircraft will play a pivotal role in IndiGo’s upcoming routes to Europe, including new services to Manchester and Amsterdam Schiphol set to launch in July 2025. The airline will initially operate these routes using Norse aircraft before transitioning to its own fleet of 30 Airbus A350-900s, the first of which is expected in 2027.

With growing momentum in both regional and long-haul markets, IndiGo’s latest moves signal a clear intention: to elevate itself from a domestic leader to a formidable global player.

Riyadh Air, the Saudi Arabian startup airline backed by the Public Investment Fund, has expressed its willingness to purchase Boeing aircraft originally intended for Chinese airlines, should those deliveries be blocked due to the intensifying trade war between the United States and China.

CEO Tony Douglas stated at the Arabian Travel Market conference in Dubai that the airline had made it clear to Boeing that it would be ready to take all available jets if China’s suspension of Boeing deliveries persists, a move prompted by reciprocal tariffs between the two economic giants.

China recently ordered its airlines to halt the acceptance of new Boeing jets in response to the U.S. imposing tariffs as high as 145% on Chinese imports. In retaliation, Beijing levied 125% duties on American goods, including aircraft, making Boeing jets financially unviable for Chinese carriers. This standoff has left dozens of Boeing planes undelivered, with some already repatriated to the United States, and has prompted Boeing to seek alternative buyers in a tight global jet market.

Riyadh Air, which plans to launch operations later this year, has been rapidly expanding its fleet and workforce. The airline has already placed orders for up to 72 Boeing 787 Dreamliners and 60 Airbus A321neo jets, and intends to announce an additional wide-body aircraft order this summer.

With nearly 500 employees hired and plans to double its staff within a year, Riyadh Air aims to capitalize on regional demand, particularly within the Gulf Cooperation Council, and is positioning itself as a key player ready to absorb aircraft sidelined by global trade tensions.

Riyadh Air is making headlines with its ambitious expansion plans, having recently secured 11 strategic agreements during the Arabian Travel Market (ATM) in Dubai. These partnerships will allow the airline to extend its operations to 125 countries, marking a significant milestone in its growth trajectory.

Collaborations with established entities such as DNATA, Discover the World Momentum, Aviareps, and Satguru Representation Services aim to enhance the airline's global footprint and streamline travel experiences for customers.

Osamah Alnuaiser, Senior Vice President of Marketing and Corporate Communications at Riyadh Air, stated that these agreements reflect the airline's commitment to becoming a true global player. “These partnerships will push the boundaries of travel for our guests and reinforce our determination to offer exceptional service,” he noted.

The focus will be on improving customer experiences across key regions including Europe, Asia, the Middle East, Australasia, and Africa, showcasing the rich hospitality that Saudi Arabia is known for.

In addition to enhancing connectivity, Riyadh Air is also focused on technological innovation. The airline has partnered with Loyalty Juggernaut to develop a next-generation loyalty program, which will utilize advanced analytics to deliver personalized rewards and engagement opportunities for travelers. This initiative is aimed at fostering customer loyalty and enhancing overall satisfaction.

Furthermore, Riyadh Air is working with major travel technology distributors like Amadeus and Sabre to implement cutting-edge retail solutions that will streamline the booking process. These technological advancements are intended to modernize the airline's digital strategy and improve the overall customer journey.

As the airline gears up for its inaugural flight later this year, it plans to connect Riyadh with over 100 international destinations by 2030. This ambitious goal aligns with Saudi Arabia's Vision 2030 initiative, which seeks to diversify the economy and significantly boost the tourism sector.

The establishment of Riyadh as a major global aviation hub is expected to attract millions of visitors, contributing to economic growth and positioning the country as a vital player in the international travel market.

In summary, Riyadh Air is poised to transform the landscape of air travel with its extensive partnerships and innovative strategies, reinforcing Saudi Arabia's commitment to becoming a global tourism destination.

Qatar Airways is reportedly preparing to place a substantial order for about 100 widebody aircraft from Boeing, with the possibility of securing options for an additional 100 jets, according to a detailed Bloomberg report. This significant purchase is expected to be officially announced during U.S. President Donald Trump’s upcoming visit to the Middle East, underscoring the deal’s importance both commercially and politically.

The order will primarily feature Boeing’s newest widebody models, including the 777X and 787 Dreamliner, which are designed to enhance long-haul operational efficiency, passenger comfort, and overall fleet modernization.

The Boeing 777X, available in the 777-8 and 777-9 variants, offers seating capacities ranging from approximately 395 to 426 passengers in a typical two-class layout, with impressive ranges of up to 8,745 nautical miles for the 777-8 and 7,285 nautical miles for the 777-9. This aircraft incorporates cutting-edge technology such as advanced aerodynamics, composite wings with folding wingtips, and the latest GE9X engines, resulting in fuel savings and emissions reductions of around 10% compared to previous models.

Additionally, the 777X boasts a wider cabin with larger windows, higher ceilings, and improved cabin pressurization and humidity, all contributing to a more comfortable passenger experience.

Currently, Qatar Airways operates a fleet that includes 64 Boeing 777s and several 787 Dreamliners, both recognized for their spacious interiors, state-of-the-art entertainment systems, and premium business class offerings like the Qsuite. The 787 variants provide business class seats that convert into fully flat beds up to 80 inches long, personal entertainment screens, onboard Wi-Fi, and innovative features such as electronically dimmable windows.

The 777 series accommodates up to 42 business class seats and nearly 400 economy seats, delivering a high level of comfort and amenities for travelers.

This forthcoming order will allow Qatar Airways to phase out older 777s and Airbus A380s, supporting the airline’s ambitious plan to boost its annual passenger capacity from 50 million to 80 million within the next five to six years. By investing in the latest aircraft technology, Qatar Airways aims to maintain its status as a leader in long-haul travel with one of the most modern and efficient fleets worldwide.

If finalized, this deal would represent one of the largest widebody aircraft purchases in recent history and reinforce Boeing’s position in the competitive global aviation market.