Emirates Group H1 Profit Plunges 66% To $1.1 Billion Amid Geopolitical Tensions, Fuel Costs

The Group's revenue fell 12 per cent to AED 66.2 billion ($18 billion) during the six months ended September 30. (File Photo)

Emirates Group reported a sharp fall in its financial performance for the first half of the 2026-27 financial year, with profit before tax declining 66 per cent to AED 4.1 billion ($1.1 billion). The Dubai-based aviation major faced mounting pressure from geopolitical tensions, flight disruptions and a steep rise in fuel prices, which affected its airline and ground-handling operations.

The Group's revenue dropped 12 per cent year-on-year to AED 66.2 billion ($18 billion) during the six months ended September 30, compared with AED 75.4 billion in the same period a year ago. Earnings before interest, taxes, depreciation and amortisation (EBITDA) also contracted 41 per cent to AED 12.5 billion.

Despite the challenging operating environment, the company managed to sustain customer demand and maintain healthy cash levels, supported partly by its cargo business.

Emirates Group H1 Results: Revenue, Profit Decline

Emirates Group Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum said passenger demand continued to remain resilient during the reporting period. He also highlighted the contribution of cargo operations in supporting the Group's revenue and liquidity position…

Original source: https://www.timesnownews.com/business-economy