Dubai (United Arab Emirates) (AFP) - The Emirates Group, which especially includes Emirates Airlines, announced that its profits in the first half of the current fiscal year decreased by 66% compared to the same period last year, as a result of the impact of the war in the Middle East and the rise in aviation fuel costs.

Published on: 05/11/2026 - 15:27

The group's net profits after tax amounted to 3.6 billion dirhams (about a billion dollars), according to what it said in a statement, while in the same period last year it amounted to 2.9 billion dollars.

Passenger traffic through Emirates Airlines declined by 22% between April and September compared to the same period last year, reaching 21.8 million passengers.

During this period, the total number of employees in the Emirates Group decreased by 2%, reaching 128,237 employees on September 30, 2026.

Sheikh Ahmed bin Saeed Al Maktoum, CEO of Emirates Airlines and Group, said: “Despite the unprecedented regional turmoil that affected air traffic and the sharp rise in fuel prices, the group achieved pre-tax profits of 4.1 billion dirhams ($1.1 billion).”

He added, "Air cargo operations played a major role in supporting revenues, which enabled the group to maintain good levels of revenues and cash liquidity."

© 2026 AFP

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