Emirates Group records AED 4.1 billion half-year profit
Arabian Post Staff -Dubai The Emirates Group posted AED 4.1 billion ($1.1 billion) in pre-tax profit for the six months ended September, as the Gulf conflict and higher fuel costs sharply reduced earnings from a year earlier. The Dubai aviation group said on Thursday that profit before tax fell from AED 12.2 billion in the corresponding period of 2025-26. Profit after tax declined by 66 per cent…
Emirates Group announced a pre-tax profit of AED 4.1 billion for the six months ending September, a significant drop from AED 12.2 billion in the same period last year. The profit decline was attributed to the conflict in the Gulf region and increased fuel costs. After-tax profit fell 66% to AED 3.6 billion, while revenue decreased by 12% to AED 66.2 billion.
Passenger numbers declined by 22% to 21.8 million, and passenger capacity dropped 17%. Emirates accounted for the majority of profits, earning AED 3.7 billion before tax, down from AED 11.4 billion a year earlier. Fuel costs added pressure to profits, with expenditures rising 60% despite a 12% reduction in fuel purchase due to decreased flying.
Cargo operations saw a 52% increase in revenue as airfreight capacity restrictions and disrupted maritime transport altered shipping patterns. Emirates SkyCargo transported 1.2 million tonnes of freight, close to the previous year's volume. The company ended September with AED 54.1 billion in cash reserves.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
