Emirates Group Half-Year Pretax Profit Falls 66% to Aed 4.1 Billion

Higher fuel costs and regional disruption weighed on results, while cargo revenue helped support the airline’s performance.

Emirates Group reported AED 4.1 billion, or approximately US$1.1 billion, in profit before tax for the first half of its 2026–27 financial year, down 66% from the same period a year earlier.

Group revenue fell 12% to AED 66.2 billion, while profit after tax declined 66% to AED 3.6 billion. The group attributed the weaker performance to regional disruption and high fuel costs.

The reporting period covers April 1 to September 30, 2026.

Passenger Operations Face Disruption

Emirates airline carried 21.8 million passengers during the six months, down 22% year on year, according to its results announcement.

The airline said intermittent airspace restrictions, closures, and travel advisories affected operations and travel flows.

As of September 30, it reported operating 91% of its pre-disruption network, serving 150 airports across 78 countries and territories.

Emirates airline’s pretax profit was AED 3.7 billion, down 68%, while revenue declined 13% to AED 56.9 billion.

Cargo Provides Support

Emirates SkyCargo transported 1.2 million tonnes, a decline of 1%. However, cargo revenue rose 52%.

The group said reduced regional airfreight capacity and disruption to marine transport increased demand for available air cargo services.

Meanwhile, dnata reported pretax profit of AED 410 million, down 51%, and revenue of AED 11 billion, down 7%.

• Business: Emirates Group; Half-year profit before tax: AED 4.1 billion; Year-on-year change: Down 66%.
• Business: Emirates airline; Half-year profit before tax: AED 3.7 billion; Year-on-year change: Down 68%.
• Business: dnata; Half-year profit before tax: AED 410 million; Year-on-year change: Down 51%.

The group closed September with AED 54.1 billion in cash, compared with AED 59.6 billion at the end of March. It said investment continued in aircraft, cabin refurbishment, connectivity, and future operating capabilities.

Philippine Connection

The supplied Philippine release says Emirates operates 32 weekly flights connecting Manila, Cebu, and Clark with Dubai.

It also highlights the expansion of its Travel Rehearsal program to Cebu and Clark, helping neurodiverse children and their families become familiar with the airport journey.

The results show a business that remained profitable through a difficult half-year, while recording substantial declines from the previous year. Cargo income and continued investment were important parts of that picture, alongside the costs of restoring passenger connectivity.

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