Commerce Desk
Islamabad: The Emirates Group reported a profit before tax of AED 4.1 billion (US$ 1.1 billion) for the first half of 2026-27. Profit after tax was AED 3.6 billion (US$ 1.0 billion), down 66% year on year. Revenue fell 12% to AED 66.2 billion (US$ 18.0 billion), and EBITDA dropped 41% to AED 12.5 billion (US$ 3.4 billion). Cash stood at AED 54.1 billion (US$ 14.7 billion).
Chairman Sheikh Ahmed bin Saeed Al Maktoum cited the conflict in the Gulf and jet fuel prices that doubled year on year, and thanked the UAE government for enabling air transport to resume safely.
Emirates airline earned AED 3.7 billion before tax, compared with AED 11.4 billion a year earlier. It carried 21.8 million passengers, down 22%, with a seat factor of 72.0%. Cargo revenue rose 52% as disruptions to sea freight pushed shippers toward air. Fuel hedging gains of AED 7.1 billion softened the cost impact. The airline was operating 91% of its pre-disruption network by 30 September.
dnata’s profit before tax fell 51% to AED 410 million, on revenue of AED 11.0 billion, down 7%.
Both companies kept investing in fleet, cabins and facilities, and Sheikh Ahmed expressed “measured optimism” for the second half.
