DUBAI, UAE, 6 November 2026: The Emirates Group announced its half-year financial results on Thursday, posting a profit before tax of AED4.1 billion (USD1.1 billion) for the first six months of 2026-27, despite flight disruptions and high fuel prices driven by the ongoing conflict in the Gulf region.
After accounting for income tax charges, the group’s profit after tax is AED3.6 billion (USD1 billion), down 66% from last year.
The group reported strong operating performance, with EBITDA of AED12.5 billion (USD3.4 billion), down 41% from AED21.1 billion (USD5.7 billion) for the same period last year, when it set a new record for profit and revenue.
Group revenue was AED66.2 billion (USD8 billion) for the first six months of 2026-27, down 12% from AED75.4 billion (USD20.6 billion) in the same period last year.
The group closed the first half year of 2026-27 with a cash position of AED54.1 billion (USD14.7 billion) on 30 September 2026, compared to AED59.6 billion (USD16.2 billion) on 31 March 2026.
The group has tapped into its strong cash reserves to support business needs, including pre-delivery payments for aircraft and servicing existing debt obligations. The group also paid the remaining AED2 billion (USD545 million) in dividends to its owner, the Investment Corporation of Dubai (ICD), of the AED3.5 billion (USD953 million) declared for the financial year 2025-26.
The first six months of 2026-27 brought significant challenges to Emirates’ operations as intermittent airspace restrictions and closures across the region tested the airline’s operational agility, while government travel advisories reshaped consumer choices and travel flows.
During this period, Emirates focused on restoring its network and connectivity options through its Dubai hub. As of 30 September, Emirates was operating 91% of its pre-disruption network, with its passenger and cargo network spanning 150 airports in 78 countries and territories.
The airline also launched a series of initiatives to boost customer confidence, including an industry-first comprehensive travel cover that is unrestricted by government travel advisories, free date changes on booked tickets, and generous refund policies.
(Source: Emirates Group)
