7 publishers · first seen Thu, 05 Nov 2026 05:58 UTC · updated Thu, 05 Nov 2026 13:20 UTC
Dubai's Emirates airline reported a 66% decline in its first-half net profit to AED 3.3 billion ($899 million), attributed to the U.S.-Iran war and soaring fuel costs. Despite a 13% drop in revenue to AED 56.9 billion ($15.5 billion), the airline managed to stay profitable due to gains from fuel hedging and strong cargo performance. Emirates transported 1.2 million tonnes of cargo, a 1% decrease from the previous year, but with a 52% increase in revenue. The airline's passenger numbers fell 22% to 21.8 million, with a 17% reduction in available seat kilometres and a 25% drop in passenger traffic. Despite these challenges, Emirates operated 91% of its pre-disruption network by September 30, connecting 150 airports across 78 countries and territories.
The Emirates Group, which includes dnata, also saw a 66% decline in profit before tax to Dh4.1 billion for the six months to September 30, 2026. Group revenue fell 12% to Dh66.2 billion, while profit after tax dropped to Dh3.6 billion. Emirates' cargo division, SkyCargo, was a significant contributor to the airline's performance, with cargo revenue increasing by 52%.
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