Emirates Group will increase salaries and allowances from next month after reporting record profits last month for the 2022-23 financial year.

Dubai-based Group employees will receive a five percent raise in basic salary as well as accommodation and transportation allowances. According to an email sent to its employees, starting September 2023, the company will offer a 10 per cent increase in education support allowances.

As soon as the Group announced its 2022-23 results in May, it announced a 24-week bonus program for its employees.

Employing 102,379 workers at the end of the 2022-23 financial year, the Group's major subsidiaries are Emirates Airline and DNATA, which provide ground handling, cargo, travel and flight catering services. The company added 85,219 employees in the last financial year.

Emirates Group posted a record profit of Dh10.9 billion for the financial year ending on March 31, 2023, compared with a loss of Dh3.8 billion the previous year. The Group's revenue reached Dh119.8 billion, an increase of 81 per cent over last year's results. While its cash balance was Dh42.5 billion, the highest ever.

Employees were also informed about an increase in the UAE National Retention Allowance.

Employees working abroad, however, will receive raises aligned with local living costs.

In response to global inflation and cost of living increases, the group's employees' salaries are increased.