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عربي21
Emirates profits fall 67%
Emirates’ net profit fell 66% to AED 3.3 billion ($903 million) in the first half of its 2026–2027 financial year, while revenue declined 13% to AED 56.9 billion, amid the effects of the war with Iran, airspace closures and higher fuel prices. The airline carried 21.8 million passengers, down 22%. Fuel costs rose 60% before hedging gains, while AED 7.1 billion in hedging gains limited the net increase in those costs to 13%. By the end of September, the airline had restored about 91% of its network, but passenger numbers and capacity remained below year-earlier levels.
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