Emirates first-half profit falls 66% to $889 million as Iran war disrupts Middle East travel
Emirates’ net profit fell 66% in the six months to September 2026, to $889 million, as conflict-related airspace closures and travel disruptions coincided with soaring jet fuel prices. The airline reported roughly $1 billion in pre-tax profit, with $1.9 billion in fuel-hedging gains helping offset the pressure; without those gains, it would have recorded a loss.