Emirates reports 66% drop in profits as war in Iran disrupts regional air travel Emirates airline reported a 66% drop in first-half net profit on Thursday, as airspace closures and disruptions caused by the US-Israel war in Iran disrupted travel across West Asia and raised jet fuel prices. The Dubai-based airline posted a net profit of 3.3 billion dirhams ($903 million) for the six months ended September 30, while revenue fell 13 percent to 56.9 billion dirhams ($15.5 billion). "The first six months of 2026-27 have brought significant challenges to Emirates' operations as intermittent airspace restrictions and closures across the region have tested airlines' operational agility, while government travel advisories have reshaped consumer choices and travel flows," Emirates Group, the Dubai-based parent company, said in a statement. Amirat said it had resumed operations across 91% of its network by the end of September, although passenger numbers and capacity remained significantly lower than a year earlier. The airline transported 21.8 million passengers during the first half of the year, which is a 22% decrease compared to the corresponding period in 2025. Available seat kilometers (TASHAL), the industry standard measure of passenger capacity, fell 17%, while the average passenger seat factor, which tracks the share of available seats occupied by paying customers, fell to 72% from 79.5%.

Emirates reports 66% drop in profits as war in Iran disrupts regional air travel Emirates airline reported a 66% drop in first-half net profit on Thursday, as airspace closures and disruptions caused by the US-Israel war in Iran disrupted travel across West Asia and raised jet fuel prices. The Dubai-based airline posted a net profit of 3.3 billion dirhams ($903 million) for the six months ended September 30, while revenue fell 13 percent to 56.9 billion dirhams ($15.5 billion). "The first six months of 2026-27 have brought significant challenges to Emirates' operations as intermittent airspace restrictions and closures across the region have tested airlines' operational agility, while government travel advisories have reshaped consumer choices and travel flows," Emirates Group, the Dubai-based parent company, said in a statement. Amirat said it had resumed operations across 91% of its network by the end of September, although passenger numbers and capacity remained significantly lower than a year earlier. The airline transported 21.8 million passengers during the first half of the year, which is a 22% decrease compared to the corresponding period in 2025. Available seat kilometers (TASHAL), the industry standard measure of passenger capacity, fell 17%, while the average passenger seat factor, which tracks the share of available seats occupied by paying customers, fell to 72% from 79.5%.