Emirates posts record $5.4 billion profit despite Middle East war disruptions

Emirates airline reported a record full-year net profit of $5.4 billion for the 12 months ending in March 2026, up from $5.2 billion a year earlier, citing strong travel demand.

The Dubai-based carrier said higher passenger yield offset a slight decline in passengers carried to 53.2 million.

The results came despite disruptions linked to the U.S.-Israeli war with Iran, which began on Feb. 28, 2026. The conflict led to temporary airspace closures across parts of the Middle East and a surge in jet fuel prices, raising costs for airlines.

Emirates Group, the airline’s parent, posted record revenue of $41 billion, up 3% year over year. The group said it plans to distribute total dividends of $1 billion to its owner, the sovereign wealth fund ICD.

Major Gulf carriers, including Emirates, have been gradually restoring capacity but remain below pre-war levels. Renewed attacks on the United Arab Emirates this week have added uncertainty to a ceasefire that took effect last month.