Emirates staff to cash in on wild pay day

Emirates has revealed it made a record profit $7.6 billion - and as a thank you, it will award staff with a hefty bonus.

Emirates made a sweet record profit of $A7.6 billion — and in turn will reward staff with a hefty bonus.

The Dubai-based announced its record profits earlier this week, up 63 per cent on the previous year’s profits.

It revealed that revenue increased 29 per cent to hit a new record AED 19.2 billion ($A7.8 billion), reflecting increased customer flight activity and travel demand across its UAE and worldwide business divisions.

Emirates reported a new record profit of AED 17.2 billion ($A7.6 billion), up 63 per cent from last year.

And it’s not just those at the top of the chain who can celebrate the news.

Eligible staff will be paid a bonus worth 20 weeks of their salary, to be included in this month’s payroll, according to UAE based publication, The National.

As an example of how much an Emirates flight attendant gets paid, news.com.au spoke to

Alexandra Cosoff of Queensland last year, who said the higher up in ranks you are, the more your package is increased.

For example, for a new joiner, the basic salary a month is 4430 Emirati Dirham (AED) – about $A1800.

It will pay a 20-week bonus to eligible employees following the record profit.

But on top of that they get AED 63.75 ($A26) an hour, for 80 to 100 fly hours worked with meal allowances for night stops are credited to the salary in arrears the following month.

On average it’s upwards of $A5000 a month for economy grade, but cabin crew receive more salary and benefits as they progress through the grades.

They also have all their accommodation paid for (and other expenses) while living in Dubai.

However, while it’s not clear exactly who is eligible for the bonus, last year more than 50,000 Emirates staff received an extra 24 weeks of pay following a AED 10.6 billion ($A4.3 billion) profit.

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And it’s not the only airline to award its staff following a massive year of profits.

Singapore Airlines reported a record annual profit of S$2.67 billion (A$2.97 billion) for the fiscal year 2023-2024, marking a whopping 24 per cent increase from the previous year.

As such, staff have been told to prepare for a mighty pay packet this year.

Emirates’ strong comeback

Meanwhile, Emirates’ recent results mark the group’s second consecutive year of record profits following a strong comeback from the pandemic and its impact on air travel.

Emirates’ workforce grew 10 per cent annually to a record 112,406 employees, as the airline and its ground-handling unit dnata continued to hire staff around the world to support the expansion of operations and bolster future capabilities.

Singapore Airlines will also dish out massive bonuses to staff after record profits.

It’s is also seeking to hire thousands of cabin crew, pilots, engineers, customer service agents, IT workers and other specialists from around the world to drive its growth ambitions.

“The Emirates Group has once again raised the bar to deliver a new record performance,” His Highness Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates said.

“Throughout the year, we saw high demand for air transport and travel related servicesaround the world, and because we were able to move quickly to deliver what customers want, we achieved tremendous results.”

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He said the group’s “excellent financial standing” today places them in a strong position for future growth and success.

“It enables us to invest to deliver even better products, services, and more value to our customers and stakeholders,” Sheikh Ahmad added.

In 2023-24, the group collectively invested AED 8.8 billion ($A3.5 billion) in new aircraft, facilities, equipment, companies, and the latest technologies to support its growth plans.

“Looking further ahead, the Dubai government has announced plans to start the next phase of expansion at Al Maktoum International Airport, which will eventually be the new hub for Emirates and dnata’s operations,” Sheikh Ahmad said.

“This AED 128 billion ($A52 billion) investment will significantly expand and enhance Dubai’s aviation and logistics infrastructure, supporting the city’s growth, and Emirates’ and dnata’s growth.”