Overview
- Emirates Group reported a half‑year profit before tax of AED 4.1 billion (US$1.1 billion) in results published on Thursday while Emirates airline’s profit after tax fell 66% to Dh3.3 billion (US$903 million).
- Group revenue declined roughly 12–13% year‑on‑year to about AED 66.2 billion as passenger demand weakened and network capacity was constrained by regional airspace restrictions.
- The airline carried 21.8 million passengers in the six months to September 30, a 22% drop from the prior year that compressed yields and airline operating profit.
- Emirates SkyCargo grew revenue by 52% on 1.2 million tonnes carried, added five new Boeing 777 freighters and its first passenger‑to‑freighter aircraft, and opened freighter services to new destinations including Almaty and Zhengzhou.
- Global jet fuel prices roughly doubled year‑on‑year and sharply raised costs for the Group, but healthy cash reserves, fuel hedging gains reported by the airline, and a US$5.1 billion MRO project at Al Maktoum position Emirates to manage future disruptions and capacity shifts.