Emirates Group reported an after tax profit of AED 3.6 billion for 1 April to 30 September 2026. With jet fuel prices roughly doubling, profit was 66 percent lower than a year earlier, but cargo revenue rose 52 percent and the group ended the period with AED 54.1 billion in cash.
According to the Dubai Media Office, Emirates Group made a profit before tax of AED 4.1 billion and a profit after tax of AED 3.6 billion in the first half of its 2026-27 financial year. Group revenue fell 12 percent to AED 66.2 billion. Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, called it "a demanding six months" and said global jet fuel prices had roughly doubled compared with the same period last year, weighing on costs and profitability.
The airline itself posted a profit after tax of AED 3.3 billion on revenue of AED 56.9 billion. By 30 September its network was back to 91 percent of pre disruption levels, serving 150 airports in 78 countries and territories, and it carried 21.8 million passengers over the six months. Cargo was the standout: with regional conflict cutting airfreight capacity and shippers moving away from disrupted sea routes, Emirates SkyCargo revenue rose 52 percent.
Investment carried on. Emirates took delivery of nine new A350s, fully refurbished the cabins of 12 aircraft and brought its Starlink equipped fleet to 57. SkyCargo received five new Boeing 777 freighters, and in May work began on a US$5.1 billion engineering and maintenance facility at Al Maktoum International Airport. dnata commissioned an AED 100 million logistics facility at Dubai South.
The group held AED 54.1 billion in cash at 30 September and paid the remaining AED 2 billion of its AED 3.5 billion dividend for 2025-26 to its owner, the Investment Corporation of Dubai. Sheikh Ahmed said the group has "measured optimism" for the second half of the year.
Source: Dubai Media Office
