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Financial Times • Peter Campbell

Emirates Group posts record FY2025-26 profit—$6.6B (AED 24.4B) profit before tax despite Iran-war flight grounding and higher je

Emirates Group reported record financial results for FY2025–26, with profit before tax of AED 24.4 billion (US$6.6 billion), up 7% year-on-year, alongside record revenues of AED 150.5 billion. Emirates also said the carrier logged record full-year net profit of US$5.4 billion, framing performance as resilience amid Iran-war disruptions and rising jet fuel costs.

2026-05-06T23:47:33.725691-07:00

ch-aviation

US attacks on Iran destroy Mahan Air Boeing 777 and Airbus A340 aircraft

2026-05-07T00:05:23.322353-07:00

AeroTime

Russian drones cross into Latvia and crash near Rezekne oil storage, triggering fire as Riga investigates airspace incursions

2026-05-07T01:24:09.060195-07:00

Breaking Defense

Turkey unveils “Yıldırımhan” ICBM concept at SAHA 2026, targeting ~6,000 km with conventionally-armed deterrence intent

2026-05-06T12:36:31.055231-07:00

News Timeline

AeroTime

Russian drones cross into Latvia and crash near Rezekne oil storage, triggering fire as Riga investigates airspace incursions Two drones entered Latvian airspace from Russia overnight on May 7, according to preliminary investigations. One struck an oil storage facility in Rezekne, hitting an empty tank and causing a fire; the second crash location is still being sought. Officials framed the events as an incursion linked to Russian drone activity.

2026-05-07T01:24:09.060195-07:00

Russian drones cross into Latvia and crash near Rezekne oil storage, triggering fire as Riga investigates airspace incursions

ch-aviation

US attacks on Iran destroy Mahan Air Boeing 777 and Airbus A340 aircraft Mahan Air’s Boeing 777 and Airbus A340 airframes have been destroyed in US attacks on Iran, according to the report. The loss of widebody state/flag assets underscores how the US–Iran fight is directly damaging aircraft used in regional travel and lift.

2026-05-07T00:05:23.322353-07:00

US attacks on Iran destroy Mahan Air Boeing 777 and Airbus A340 aircraft

Financial Times

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Emirates Group posts record FY2025-26 profit—$6.6B (AED 24.4B) profit before tax despite Iran-war flight grounding and higher je Emirates Group reported record financial results for FY2025–26, with profit before tax of AED 24.4 billion (US$6.6 billion), up 7% year-on-year, alongside record revenues of AED 150.5 billion. Emirates also said the carrier logged record full-year net profit of US$5.4 billion, framing performance as resilience amid Iran-war disruptions and rising jet fuel costs.

2026-05-06T23:47:33.725691-07:00

Emirates Group posts record FY2025-26 profit—$6.6B (AED 24.4B) profit before tax despite Iran-war flight grounding and higher je

Breaking Defense

Turkey unveils “Yıldırımhan” ICBM concept at SAHA 2026, targeting ~6,000 km with conventionally-armed deterrence intent Turkey presented Yıldırımhan—its first domestically developed intercontinental ballistic missile mock-up—at SAHA 2026, describing it as a new long-range deterrence layer. Reporting ties the concept to a claimed 6,000 km class range and notes the country joining a small group able to produce ICBM-scale systems.

2026-05-06T12:36:31.055231-07:00

Turkey unveils “Yıldırımhan” ICBM concept at SAHA 2026, targeting ~6,000 km with conventionally-armed deterrence intent

Space.com

Close-proximity maneuvering: two Russian satellites reportedly pass within 10 feet (3 meters) in orbit Reporting says two Russian satellites recently came within about 10 feet (3 meters) of each other, highlighting advanced on-orbit maneuvering and proximity operations capabilities. The episode adds to a broader pattern of deliberate close-range behavior in space—raising both operational and safety questions.

2026-05-06T11:42:26.818665-07:00

Close-proximity maneuvering: two Russian satellites reportedly pass within 10 feet (3 meters) in orbit

politico.eu

France pre-positioned Charles de Gaulle carrier strike group for potential Strait of Hormuz mission France moved the aircraft carrier Charles de Gaulle from the Mediterranean into the southern Red Sea and readied its carrier strike group for planning linked to a potential international operation to restore navigation in the Strait of Hormuz. Paris said the move is intended to prompt U.S. and Iranian engagement amid economic fallout from competing blockades.

2026-05-06T08:21:25.875536-07:00

France pre-positioned Charles de Gaulle carrier strike group for potential Strait of Hormuz mission

AeroTime

Court filings allege ex-USAF F-35 pilot briefed Chinese military on F-35 and electronic warfare Court filings allege retired USAF pilot Gerald Brown briefed Chinese military aviators on the F-35 and electronic warfare. The claim follows prior reporting that Brown was arrested for allegedly providing unlicensed combat-aircraft instruction to PLAAF pilots, raising renewed scrutiny of export-control and technical-assistance safeguards.

2026-05-06T07:36:03.369697-07:00

Court filings allege ex-USAF F-35 pilot briefed Chinese military on F-35 and electronic warfare

FlightGlobal

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Mexico and US progress toward ending air-services dispute, with AIFA legally recognized and Mexico City slot access commitments Mexico and the US say they have agreed on steps to resolve a dispute tied to alleged 2015 open-skies violations, with US carriers’ access to Mexico City’s AIFA expected to be improved. Slot arrangements are intended to return to US airlines under commitments that remain subject to implementation, while AIFA is formally recognized in the bilateral air transport agreement.

2026-05-06T07:15:29.141455-07:00

Mexico and US progress toward ending air-services dispute, with AIFA legally recognized and Mexico City slot access commitments

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Geopolitical Developments & Conflict Impact News

Emirates Group posts record FY2025-26 profit—$6.6B (AED 24.4B) profit before tax despite Iran-war flight grounding and higher je

US attacks on Iran destroy Mahan Air Boeing 777 and Airbus A340 aircraft

Russian drones cross into Latvia and crash near Rezekne oil storage, triggering fire as Riga investigates airspace incursions

Turkey unveils “Yıldırımhan” ICBM concept at SAHA 2026, targeting ~6,000 km with conventionally-armed deterrence intent

News Timeline