DAE reports $340 million revenue in first quarter, Boeing deliveries “markedly lower” in 2024

Dubai Aerospace Enterprise (DAE) reported a total revenue of $343.6 million for the first quarter of 2024, up 9% from 2023’s first quarter result of $315.2 million. It reported a profit of $67.8 million for the quarter, down marginally year-on-year (YoY) from $69.2 million. Its operating profit saw a stable 0.7% increase to $155.7 million for the quarter, which was mainly attributable to higher revenues partially offset by decrease in gain on aircraft disposal and increase in overall expenses during the period. “Strong demand for aircraft leasing and maintenance services drove total revenue growth of 9% in the first quarter,”