Emirates Airlines is the largest airline in the Middle East and the national carrier of the United Arab Emirates. It is a subsidiary of the governmentally-owned aviation holding company, The Emirates Group, which generated operating profit to the value of 5.3 billion United Arab Emirates dirhams in the fiscal year of 2017-2018. The airline carried just over 56 million passengers and reported a passenger seat factor of 77.5 percent in the fiscal year of 2017-2018.
The Dubai-based airline serves 151 destinations across 80 countries and has the largest aircraft fleet in the Gulf Cooperation Council (GCC). The region benefits from some of the largest proven oil reserves worldwide and the airlines have the advantage of being subsidized and therefore paying lower jet fuel prices. The company is one of the fastest growing carriers, extending its operating network worldwide. In the fiscal year of 2017-2018, the airline generated the highest share of revenue from its activities in Europe. The Middle East is among the regions where passenger and cargo air traffic are expected to encounter high growth rates, with Emirates Airlines being one of the key players in the region.
Emirates SkyCargo is the airline’s freight division, responsible for handling 2.6 million metric tons of cargo at the end of the fiscal year 2017-2018.