Emirates' first-half net profit falls 66%
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Reported on November 5, 2026, Emirates announced its results for the first half of fiscal year 2026-27: net profit fell 66% to AED 3.3 billion (US$899 million), while fuel hedging gains for the period were AED 7.1 billion (US$1.93 billion). The report said that calculated at open-market fuel prices, the airline would have posted a loss amid soaring jet fuel costs caused by the closure of regional airspace due to the US-Iran conflict. First-half revenue fell 13% to AED 56.9 billion (US$15.5 billion); the company said cargo performance was strong and demand in various markets continued.
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- Skift FeedEmirates' first-half net profit falls 66%, supported by Dh710 million in fuel hedging gains
Emirates' net profit for the first half of fiscal year 2026-27 fell 66% to Dh3.3 billion (US$899 million), while fuel hedging gains for the same period were Dh7.1 billion (US$1.93 billion). Calculated at open-market fuel prices, the airline would have posted a loss amid soaring jet fuel costs after the closure of regional airspace caused by the US-Iran conflict. First-half revenue fell 13% to Dh56.9 billion (US$15.5 billion); the company said cargo performance was strong and demand continued across markets.
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