Emirates Airline’s net profit dropped by 66 percent to 3.3 billion dirhams in the first half of the financial year. Revenue fell by 13 percent to 56.9 billion dirhams. The company’s financial performance was impacted by air traffic restrictions caused by the war between the United States, Israel, and Iran. The airline released these figures in a press release today.
Read more: Top 10 Finance TV Shows
Middle East Conflict Slashes Passenger Numbers by 22% Amid Regional Airspace Closures
In the first six months, the airline carried a total of 21.8 million passengers, representing a year-on-year decline of 22 percent. The average seat load factor dropped to 72 percent from 79.5 percent recorded in the same period last year.
Regional travel was disrupted by the war with Iran, which directly led to flight delays, cancellations, and reroutings across the Middle East. Airspace in several countries was intermittently closed.
Read more: eToro – Review
Network Recovery Reaches 91%, but Fresh Regional Threats Cloud the Horizon
“The first six months of the 2026/2027 financial year were highly challenging for Emirates. Repeated airspace restrictions and closures across the region tested the airline’s operational flexibility, while government travel advisories influenced customer decision-making and travel flows,” stated Emirates Group, the parent company of the Dubai-based carrier.
At the end of September, Emirates was operating 91 percent of its route network compared to levels seen before the flight disruptions, the company reported. According to Reuters, prospects for a complete recovery among Gulf carriers could be further complicated by recent attacks on Saudi Arabia carried out by Yemen’s Houthis.
Don’t miss out on: Wonderinterest Broker Review
Source: Reuters
