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MAY 2026

Week 19

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Emirates reports record annual profit, 96% of connectivity restored

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May 8th 2026

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The Emirates Group released its 2025-26 Annual Report, achieving new record levels in profit, revenue, and cash balance. Read More » For the financial year ended 31 March 2026, the Emirates Group reported a record profit before tax (PBT) of AED 24.4 billion (US$ 6.6 billion), up 7% from last year, and a PBT margin of 16.2%. It also booked a record revenue of AED 150.5 billion, up 3% over last year’s results, and a record level of cash assets at AED 59.6 billion, up 12% from last year. The Group’s Emirates Airlines retains its place as the world’s most profitable airline. Emirates carried 53.2 million passengers (down 1%) in 2025-26, with seat capacity down by 1%. The airline reports a Passenger Seat Factor of 78.4%, a marginal decline from 78.9% last year. Passenger yield was higher by 4% at 38.1 fils (10.4 US cents) per Revenue Passenger Kilometer (RPKM). “These outstanding results, despite significant challenges in the last month of our financial year, reaffirm the strength and resilience of the Emirates Group’s business model, which is rooted in safety, excellence, innovation, people, and partnerships,” HH Sheik Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group, commented. “On 28 February, military activity massively disrupted global commercial air traffic in the Gulf region, including in the UAE. Emirates and dnata quickly mobilized to support our people and affected customers, protect our assets, and ensure business continuity. We are fortunate to be based in Dubai, where years of infrastructure investments and a cohesive aviation ecosystem have enabled the government to quickly secure safe corridors for commercial flights. Emirates and dnata have since gradually restored operations at DXB. Although we are still operating at a lower passenger capacity than pre-disruption, cargo operations have ramped up to support the movement of essential goods into and through the UAE,” he added. Earlier this week, the carrier announced that it has restored 96% of its global network.

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