Dubai, UAE – The Emirates Group has reported a profit before tax of AED 4.1 billion (US$1.1 billion) for the first half of its 2026-27 financial year, covering 1 April to 30 September 2026. The results were announced on 5 November 2026.
Results at a glance
- Group revenue: AED 66.2 billion, down 12% from AED 75.4 billion a year earlier
- Group profit before tax: AED 4.1 billion, down 66% from last year’s record
- Group profit after tax: AED 3.6 billion
- Cash position: AED 54.1 billion on 30 September, compared with AED 59.6 billion on 31 March
Emirates airline
The airline earned a profit before tax of AED 3.7 billion, compared with a record AED 11.4 billion in the same period last year, and a profit after tax of AED 3.3 billion. Revenue fell 13% to AED 56.9 billion. Emirates carried 21.8 million passengers, 22% fewer than a year earlier.
Fuel was the biggest pressure point. Although Emirates took on 12% less fuel because it flew less, its fuel bill before hedging rose 60% compared with the previous half-year. Premium cabins and cargo held up better: Emirates SkyCargo moved 1.2 million tonnes, just 1% lower than last year.
dnata
The Group’s air services arm, dnata, reported a profit before tax of AED 410 million, down 51%, as lower traffic at Dubai’s airport reduced demand for catering and ground services.
Investment continues
During the six months, Emirates took delivery of nine new Airbus A350s and refurbished the cabins of nine A380s and three Boeing 777s, while SkyCargo received five new Boeing 777 freighters. The airline also extended its sponsorships of Arsenal until 2033 and Real Madrid until 2031.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, described the period as demanding, thanked the UAE government for supporting the recovery of air travel, and said the Group enters the second half of the year with measured optimism.
