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DP World posts 26% revenue growth

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DP World Limited announced strong financial results for the year 2021, achieving a revenue growth of 26.3 per cent to US$10,778 million and adjusted EBITDA growth of 15.3 per cent to US$3,828 million, with adjusted EBITDA margin of 35.5 per cent.

The revenue increase from US$2,245 million to US$10,778 million is supported by acquisitions and new concessions including Angola, Unico and Transworld.

Like-for-like revenue rose by 11.7 per cent with like-for-like containerised revenue up 14.2 per cent driven by volume growth, while containerised revenue growth is higher than volume growth mainly due to higher storage and reefer monitoring revenue.

Like-for-like non containerised revenue grew 9.5 per cent with a strong performance from the Feedering business.

Cash from operating activities increased by 27.3 per cent to a record US$3,692 million in 2021 (US$2,901 million in 2020), while leverage (net debt to adjusted EBITDA) stood at 3.7 times (Pre-IFRS16) despite higher net debt of US$12.2bn (US$11.0bn 2020). On a post-IFRS16 basis, net leverage stood at 4.2 times compared to 4.3 times at FY2020.

The company recorded capital expenditure of US$1,393 million (US$1,076 million in 2020) invested across the existing portfolio.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said, “We are delighted to report these strong set of results with adjusted EBITDA growing by US$0.5 billion to a new record of US$3.8 billion. Importantly, growth was broad based across our terminals and logistics assets as we begin to drive synergies across our portfolio. This significant growth once again demonstrates that our strategy to deliver integrated supply chain solutions will drive sustainable long-term returns.”

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Dubai travel: Emirates minimises disruptions, reassures travellers ahead of summer holidays

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Despite heightened regional tensions on June 23, Emirates Airline resumed regular operations within hours, with only minimal disruptions reported across its global network.

The Dubai-based carrier activated its contingency and disruption plans following the latest regional developments, swiftly stabilising operations without any flight diversions and only a few route cancellations. Most affected flights were rerouted slightly to avoid restricted airspace, resulting in limited delays due to congestion.

In a statement, Emirates confirmed that its scheduled services resumed quickly and that the airline had maintained operations to the majority of destinations. Flights to Amman and Beirut, which were briefly suspended, resumed shortly after, demonstrating Emirates’ agility in responding to dynamic situations while ensuring traveller safety.

“The safety of our passengers and crew is always our top priority,” the airline said, noting it would never operate any flight unless it meets the strictest safety regulations. Emirates continues to coordinate closely with global aviation authorities and regularly evaluates the security landscape to reroute aircraft if needed.

Keeping Passengers Informed

The airline kept its customers up to date throughout the disruptions via its website, social media channels, and through dedicated reservation teams, who assisted travellers in adjusting itineraries as needed.

Looking Ahead to Summer Travel

As Emirates prepares for a surge in summer travel, the airline said it remains ready to adapt to any changing conditions. “With the UAE’s strong infrastructure and support systems, we are fully prepared to continue safe and smooth operations,” the airline added.

Travellers are advised to check their flight status before heading to the airport and stay informed through official Emirates communication channels.

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Latest UAE travel update: What travellers, especially to India, need to know amid flight disruptions 

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Several UAE-based airlines have issued disruptions in their service and route changes as a precautionary response following heightened regional tensions after Iran attacks Al Udeid Air Base in Qatar

UAE residents planning to travel this week are advised to double-check their flight status before heading to the airport, as ongoing regional tensions have led to disruptions across several major carriers.

Following Iran’s attack on the Al Udeid Air Base in Qatar, airlines including Etihad, Emirates, flydubai, and Air Arabia have rerouted or cancelled select flights to ensure passenger safety amid restricted airspace and rising geopolitical risk.

What UAE Airlines Are Saying

Etihad Airways

  • Cancelled flights on Tuesday (June 24) to/from Kuwait, Doha, and Dammam:
    • EY651/652 (Abu Dhabi – Kuwait)
    • EY663/664 (Abu Dhabi – Doha)
    • EY575/576 (Abu Dhabi – Dammam)
  • Flights to Israel remain suspended until July 15.
  • The airline confirmed it is using only approved airspace and warned that the situation is highly dynamic.
  • Passengers transiting through Abu Dhabi to connect to cancelled destinations will not be accepted for travel.

Emirates Airline

  • Has rerouted flights away from conflict zones.
  • Temporary suspension of all flights to Iran and Iraq (Tehran, Baghdad, Basra) until June 30.
  • Warns of potential delays due to longer routes and airspace congestion.

flydubai

  • Flights on June 24 resumed, but delays remain possible.
  • Temporary suspension of services to Iran, Iraq, Israel, Syria, and St. Petersburg (Russia) until June 30.
  • Passengers heading to these destinations via Dubai will not be accepted from their point of origin.

Air Arabia

  • Advises passengers of possible disruptions due to airspace closures.
  • Suspended services to Jordan (until June 25) and Iran, Iraq, Russia, Armenia, Georgia, and Azerbaijan (until June 30).

Dubai/Abu Dhabi Airport Updates

  • Dubai Airports said operations across DXB and DWC have resumed, but some delays or cancellations may still occur. 
  • Travellers heading to India are especially advised to confirm flight status in advance. “Due to regional airspace closures, flights from DXB and DWC – Al Maktoum International may be impacted. Please check with your airline for the latest updates before heading to the airport, especially for guests travelling to India,” Dubai Airports wrote on X.
  • Zayed International Airport in Abu Dhabi echoed similar advice: check with your airline before traveling.

Impact on International Flights

  • flydubai, Etihad, Emirates, and Air Arabia have adjusted or halted flights across the region.
  • IndiGo Airlines suspended flights to several Gulf cities including Dubai, Doha, Bahrain, Dammam, and Abu Dhabi until at least 10am Tuesday.
  • Pakistan International Airlines has halted services to Doha, Kuwait, Bahrain, and Dubai.
  • EgyptAir also cancelled Gulf-bound flights from Cairo.
  • Air Canada extended its Toronto–Dubai flight suspension until August 4.

Additional Restrictions

  • Pakistan has extended its airspace ban for Indian-operated aircraft, including military flights—until July 23, 2025.

Travel Tips for UAE Passengers

  • Check flight status online or via airline apps before leaving home.
  • Expect delays even if your flight is not cancelled—reroutings may extend travel time.
  • If you are transiting through the UAE to a suspended destination, contact your airline immediately to explore alternative arrangements.

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Dubai Airports resume full operations after precautionary pause, travellers urged to check flight status

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Dubai Airports has announced the resumption of full operations at all its airports following a temporary precautionary pause, according to a statement from the Dubai Media Office.

“While Dubai Airports is working with airlines to ensure flights operate according to approved schedules, some flights may experience delays or cancellations,” Dubai Airports wrote on X (formerly Twitter).

While the exact nature of the pause was not disclosed, authorities emphasised that the safety and well-being of all travellers and aviation staff remain the top priority.

Operations teams are now working closely with airlines to normalise flight schedules, but passengers may still encounter delays or cancellations as services stabilise.

“Due to regional airspace closures, flights from DXB and DWC – Al Maktoum International may be impacted. Please check with your airline for the latest updates before heading to the airport, especially for guests travelling to India,” Dubai Airports wrote on its social media platform.

Travellers flying in or out of Dubai International (DXB) or Al Maktoum International (DWC) are strongly advised to:

  • Check directly with their airlines for real-time flight updates
  • Arrive early to allow extra time for check-in and security
  • Monitor official channels, including @DXBMediaOffice and @DubaiAirports

The temporary disruption comes as the summer travel season picks up, with a high volume of passengers expected in the coming weeks.

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