The Emirates Group has announced its half-year financial results, posting a profit before tax of AED 4.1 billion ($US 1.1 billion) for the first six months of 2026-27.
After accounting for income tax charges, the Group’s profit after tax is AED 3.6 billion ($US1 billion), down 66% from last year.
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.
Illustrating its strong operating performance, the Group achieved an EBITDA of AED 12.5 billion (US$ 3.4 billion), 41% lower than the AED 21.1 billion (US$ 5.7 billion) reported for the same period last year where the Group had set a new record for profit and revenue.
Group revenue was AED 66.2 billion (US$ 18.0 billion) for the first six months of 2026-27, down 12% from AED 75.4 billion (US$ 20.6 billion) last year.
The Group closed the first half year of 2026-27 with a cash position of AED 54.1 billion (US$ 14.7 billion) on September 30, compared to AED 59.6 billion (US$ 16.2 billion) on March 31.
The Group has been able to tap on its own strong cash reserves to support business needs, including pre-delivery payments for aircraft and servicing existing debt obligations.
“It has been a demanding six months, and once again our business model and our people stood up to the test,” commented His Highness (HH) Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group.
“Against unprecedented regional challenges and high fuel prices, the Group has delivered a profit before tax of AED 4.1 billion (US$ 1.1 billion).
“Throughout this time, we have not paused our investments. Emirates and dnata continue to commit significant resources to expand our fleet, enhance our products and services, and develop capabilities that will shape the future of our business.
“This is how we stay ahead and stay resilient to external challenges.”
