Business
Emirates Group H1 profit falls 66% on Gulf disruption and higher fuel costs
November 5, 2026 at 11:57 AM
Emirates Group reported a 66% drop in first-half pre-tax profit to 4.1 billion dirhams, citing regional conflict disruption and higher fuel prices.
- Emirates Group posted H1 FY2026-2027 pre-tax profit of 4.1 billion dirhams ($1.1 billion), down 66% year on year, with revenue down 12% to 66.2 billion dirhams ($18 billion).
- Emirates airline's pre-tax profit fell 68% to 3.7 billion dirhams ($1 billion), while dnata's declined 51% to 410 million dirhams ($112 million).
- The carrier carried 21.8 million passengers in the April–September period, down 22%, while cargo revenue rose 52% on strong air freight demand.
- Chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum said the six months were "full of challenges," citing robust customer demand and cargo's contribution to revenue.