Emirates tops global airline profits with US$41 billion revenue

Emirates Group has reported profit before tax of AED24.4 billion (US$6.6 billion) for the financial year ended 31 March 2026, with flagship carrier Emirates posting the aviation industry’s highest reported airline profit of AED22.8 billion (US$6.2 billion) during the reporting period.

Group revenue rose 3% year-on-year to AED150.5 billion (US$41 billion), while cash assets increased 12% to AED59.6 billion (US$16.2 billion) and Ebitda reached AED41.1 billion (US$11.2 billion). Airport services and ground handling subsidiary Dnata separately reported revenue of AED23.6 billion (US$6.4 billion).

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates airline and Group, said: “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.”  

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Emirates carried 53.2 million passengers during 2025-26, while total passenger and cargo capacity increased 1% to 60.6 billion available tonne kilometres. The passenger seat factor stood at 78.4%.

During the financial year, the airline launched services to Da Nang, Hangzhou, Siem Reap and Shenzhen, expanding its network to 152 cities across 80 countries. Emirates also took delivery of 15 Airbus A350 aircraft, bringing its fleet to 277 aircraft by 31 March 2026, while continuing its US$5 billion retrofit programme, with 91 aircraft upgraded during the same period.

At the 2025 Dubai Airshow, the carrier announced additional fleet investments worth US$41.4 billion, including orders for 65 Boeing 777-9 aircraft and eight Airbus A350-900s. Its order book stood at 367 aircraft at year-end, with deliveries scheduled through to 2038.