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The Emirates Group reported a record profit before tax of US$6.6 billion on revenue of $41.0 billion for its 2025 fiscal year ending March 31, 2026
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Emirates airline alone earned a $6.2 billion profit
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Results achieved despite Gulf regional disruption in the final month of the financial year
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Emirates said it is well-hedged on fuel costs through 2028-29 and enters FY2026-27 with strong cash reserves
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Network expanded to 152 destinations across 80 countries; partnerships grew to 32 codeshare and 117 interline partners covering over 1,700 cities
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Carrier invested in fleet expansion, Premium Economy rollout, cabin retrofits, and Starlink Wi-Fi deployment
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Emirates SkyCargo transported 2.4 million tonnes of freight — volumes supported by a network that expanded to 152 destinations across 80 countries
The Emirates Group reported a record profit before tax of US$6.6 billion on revenue of $41.0 billion for its 2025 fiscal year ending March 31, 2026.
The 7% year-on-year profit gain cemented Emirates airline’s standing as the “world’s most profitable carrier,” with the airline itself, the United Arab Emirates’ flag carrier, contributing $6.2 billion of the total.
Cash balances also reached record levels, positioning the group to press ahead with fleet, product, and network expansion without the emergency cost-cutting that has forced the hand of rivals navigating the same volatile environment.
Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates Airline and Group, said the fundamentals underpinning the results remain firmly intact.
“Our fundamentals are strong. The Emirates Group’s proven business model is unchanged. Dubai’s place at the nexus of global commerce, trade and travel flows is unchanged,” Sheikh Ahmed said in a statement.
On the outlook for the year ahead, the chairman signaled the group is well insulated from two of the industry’s most persistent cost pressures — fuel and capital.
“From a fuel perspective, Emirates is well-hedged until 2028-29; and we have worked with our suppliers to secure the volumes required to support our current operations and our scaling up to pre-disruption levels,” he said. “The Emirates Group enters 2026-27 with very strong cash reserves, which enable us to progress with our plans to strengthen our business without knee-jerk cost control measures.”
The airline earlier said 96% of its global network has been restored following the regional disruption and is scaling operations back toward pre-disruption levels. Throughout the period, Emirates maintained services across key markets, including the Philippines, where it currently operates 32 weekly flights to Manila, Cebu, and Clark.
Growth in fleet, products, and cargo
The year’s results were backed by sustained investment across fleet, product, and cargo capacity.
Emirates took delivery of 15 Airbus A350 aircraft during the financial year and continued rolling out its Premium Economy cabin alongside a $5 billion retrofit program that has now refreshed the interiors of 91 aircraft. The airline also accelerated the deployment of Starlink high-speed Wi-Fi, with 21 aircraft fitted by year-end.
In terms of traffic, Emirates carried 53.2 million passengers globally while Emirates SkyCargo transported 2.4 million tonnes of freight — volumes supported by a network that expanded to 152 destinations across 80 countries and partnerships spanning 32 codeshare and 117 interline agreements, giving travelers access to more than 1,700 cities beyond the airline’s own routes.
READ: Emirates SkyCargo raises capacity to and from East, Southeast Asia
In the Philippines, four additional weekly Manila flights launched in April are adding cargo capacity on lanes connecting the country to Dubai and onward to Europe, the United States, and the Indian subcontinent. Economy Class passengers flying through Clark International Airport continue to receive the airline’s complimentary bus service connecting to key points in the region.
READ: Emirates adding 4 weekly Dubai-Manila flights by April 2
