Emirates Group announced its most-profitable financial year ever in 2022-23, reporting a profit of USD 3 billion compared to last year's loss of USD 1 billion. Group revenue increased by 81% YoY, and cash balance for the year ended March 31, 2023, was at USD 11.6 billion, up by 65% YoY. Both Emirates and dnata saw significant revenue increases, collectively investing USD 2 billion in new aircraft, facilities, and equipment. Total operating costs increased with the cost of ownership and fuel cost being the two biggest cost components for the airline in 2022-23., Companies News, Times Now