kabarsula Emirates’ half-year profit falls 66% YoY amid conflicts, high fuel costs bandar SLOT INDONESIA

The Emirates Group today announced its half-year financial results, posting a profit before tax of AED 4.1 billion (about AU$1.61 billion) for the first six months of 2026-2027, a 66 per cent drop from the same period last year amid high fuel prices and the ongoing conflict in the Gulf region.

Revenue fell 12 per cent to AED 66.2 billion (about AU$25.7 billion), while cash reserves closed the half at AED 54.1 billion (about AU$21.0 billion) – down from AED 59.6 billion (AU$23.1 billion) at 31 March.

“It has been a demanding six months, and once again our business model and our people stood up to the test,” Emirates Group chairman and chief executive HH Sheikh Ahmed bin Saeed Al Maktoum said.

“Customer demand held firm and our cargo operations made a strong contribution, keeping revenue and cash levels healthy even as global jet fuel prices doubled against the same period last year, impacting our costs and profitability.”

“I’d like to thank the UAE government for its decisive response and its co-ordination of all stakeholders to enable the safe resumption of air transport in the aftermath of military activity across the Gulf region,” Al Maktoum added.

Emirates airline posted a profit of AED 3.7 billion (AU$1.4 billion), down 68 per cent from a record AED 11.4 billion (AU$4.4 billion) a year earlier. Revenue fell 13 per cent to AED 56.9 billion (AU$22.1 billion) from AED 65.6 billion (AU$25.78 billion) last year.

dnata’s profit before tax fell 51 per cent to AED 410 million (AU$161 million) on revenue of AED 11.0 billion (AU$4.32 billion).

Near-term outlook

“We enter the second half of our 2026-2027 financial year with measured optimism,” Al Maktoum said.

“While keeping a close watch on costs and geopolitical developments, we remain focused on delivering what Emirates and dnata are known for – safety, quality, and customer satisfaction.”

The Emirates Group will maintain full momentum across its multi-billion-dollar investments in new aircraft deliveries, fleet-wide retrofits, and next-generation passenger products.