Emirates Group has announced a profit before tax of AED 4.1 billion (US$1.1 billion) for the first half of the 2026-27 financial year, despite facing significant challenges from regional conflict and soaring fuel prices. The group's revenue fell by 12% to AED 66.2 billion (US$18 billion), with profits down 66% compared to the same period last year.
The group's chairman and chief executive, Sheikh Ahmed bin Saeed Al Maktoum, credited the UAE government's efforts in facilitating the recovery of air transport activities. He highlighted the group's continued investments in fleet and product development, stating, "Our business model and our people stood up to the test."
Emirates airline faced operational challenges due to airspace restrictions and government travel advisories. However, it managed to operate 91% of its pre-disruption network by the end of September, spanning 150 airports in 78 countries. The airline introduced initiatives to boost customer confidence, including comprehensive travel cover and flexible booking policies.
Emirates SkyCargo saw a 5.2% increase in revenue despite a 1% drop in transported tonnage, as the regional conflict disrupted marine transport and increased demand for airfreight. The cargo division expanded its network with new destinations and additional freighter capacity.
Looking ahead, Sheikh Ahmed expressed "measured optimism" for the second half of the financial year, emphasising the group's focus on safety, quality, and customer satisfaction amidst ongoing geopolitical and economic challenges.
This story was selected and published by a human editor, with content adapted from original press material using AI tools. Spot an error? Report it here.
