Emirates airline net profit drops 66% in first half dragged down by Iran war
The Dubai-based carrier said cargo revenue rose 52% and travel demand remained firm despite a 22% drop in passengers.
- On Thursday, November 5, 2026, Emirates Airline reported a 66% decline in net profit to Dh3.3 billion for the six months ending September 30, citing regional conflict and soaring jet fuel costs.
- Airspace closures and flight disruptions caused by the US-Israeli war with Iran forced the airline to navigate "unprecedented regional challenges," while fuel costs surged 60% before hedging gains despite reduced operations.
- Cargo operations provided a critical buffer, with revenue increasing 52%, as the airline carried 21.8 million passengers—a 22% decrease—while maintaining 91% of its pre-disruption network by end of September.
- The wider Emirates Group, including aviation services subsidiary dnata, posted a profit of Dh3.6 billion, while maintaining a substantial cash position of 54.1 billion dirhams to support operations and obligations.
- Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, expressed "measured optimism" for the second half of the fiscal year while maintaining close watch on costs and geopolitical developments.
55 Articles
55 Articles
Iran war hits Emirates first-half profit, down 66 pc
The Emirates Group’s profit after tax fell 66 per cent to Dirham 3.6 billion (USD 1 billion) in the first half of 2026-27 as the Iran war disrupted aviation operations across the region and higher fuel prices increased costs. The results were announced on Thursday, November 5. The Dubai-based aviation group recorded revenue of Dh … Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Stories on Whats…
Iran war, doubling fuel prices knock 66% off Emirates' first-half profit
Emirates Group's first-half net profit plunged 66% to $1 billion as the Iran war disrupted flights across the Gulf and doubled jet fuel prices. Passenger numbers at Emirates airline fell 22%, while cargo revenue rose 52%. The Dubai-based group is relying on cash reserves as geopolitical uncertainty clouds its outlook.
Emirates remains profitable despite Gulf conflict and soaring fuel costs
Emirates Group remained profitable in the first half of its 2026–27 financial year, despite a sharp deterioration in earnings caused by disruption from the conflict in the Gulf and a substantial increase in aviation fuel prices, according to results published by the company on Thursday. The Dubai-based group reported pre-tax…
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