The Emirates Group announced on 5 November 2026 a profit before tax of Dh4.1 billion (US$1.1 billion) for the first six months of its 2026-27 financial year, 1 April to 30 September 2026, down 66% from the same period last year. Profit after tax was Dh3.6 billion (US$1.0 billion), also down 66%. Revenue fell 12% to Dh66.2 billion, from Dh75.4 billion a year earlier.
Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum said customer demand held firm and cargo operations made a strong contribution, even as global jet fuel prices doubled against the same period last year. Group EBITDA was Dh12.5 billion, 41% lower than the Dh21.1 billion reported a year earlier. Cash stood at Dh54.1 billion on 30 September 2026, against Dh59.6 billion on 31 March 2026, and the Group paid the remaining Dh2 billion of the Dh3.5 billion dividend declared for 2025-26 to the Investment Corporation of Dubai. The employee count fell 2% to 128,237.
Emirates airline posted a profit before tax of Dh3.7 billion, down 68% from a record Dh11.4 billion in the same period last year. It carried 21.8 million passengers, down 22%, and revenue fell 13% to Dh56.9 billion. At 30 September the airline was operating 91% of its pre-disruption network, serving 150 airports in 78 countries and territories. Average passenger seat factor was 72.0%, compared with 79.5% a year earlier. Fuel costs before hedging gains rose 60%, and gains of Dh7.1 billion from fuel price risk management cut the net increase to 13%. Cargo revenue rose 52%.
dnata reported a profit before tax of Dh410 million, down 51%, on revenue of Dh11.0 billion, down 7%. Its airport operations handled 414,012 aircraft turns, down 8%, and 1.49 million tonnes of cargo, down 6%. The Chairman thanked the UAE government for its coordination of stakeholders to enable the safe resumption of air transport and the easing of travel advisories to and through the UAE.
