Emirates airline profit drops 66% amid regional conflict and high fuel costs
The airline reported a 66% decrease in net profit for the first half of the fiscal year due to war-related airspace disruptions and soaring fuel prices.
AI-assisted coverage comparison, editor-supervised · How this was made

Emirates airline profit drops 66% amid regional conflict and high fuel costs
Photograph: The Star Kuala Lumpur (embedded from source)
What this story says
- Emirates airline reported a 66% drop in net profit for the six months ending September 30, 2026.
- Revenue fell by 13% to 56.9 billion dirhams ($15.5 billion) over the same period.
- The airline carried 21.8 million passengers, a 22% decrease year-on-year, with average seat factor dropping to 72%.
- Fuel costs, before hedging, rose by 60% compared to the previous half-year, impacting profitability.
Who covered it
Percentages are shares of the 8 outlets carrying a published leaning rating. 7 of the 15 outlets we know ran this story carry no rating and are not counted in them. Coverage measured .
Trust
60/100
Craft
65/100
Hype
45/100
15 sources · methodology
Thin on the left so far
None of the 8 outlets with a published leaning rating that ran this story are rated left.
This story is still being watched, so it is a count and not yet a finding. Coverage keeps arriving for hours after an event, and a side that has published nothing this morning may publish by tonight. If it is still true when we stop checking, we will say so plainly.
Emirates airline announced a 66% decrease in its net profit for the first half of its fiscal year, which concluded on September 30, 2026. The airline's net profit for this period was 3.3 billion dirhams ($903 million). Revenue also saw a decline, falling by 13% annually to 56.9 billion dirhams ($15.5 billion).
The drop in profit and revenue was attributed to disruptions in regional airspace caused by the US-Israeli war with Iran, which affected travel and led to soaring jet fuel prices. Fuel costs, before accounting for hedging gains, increased by 60% compared to the prior half-year. The airline carried 21.8 million passengers between April 1 and September 30, a 22% reduction from the previous year, and the average passenger seat factor decreased to 72% from 79.5%.
Disagreement on profit figures
While Emirates airline reported a net profit of 3.3 billion dirhams ($903 million) for the first half of the fiscal year, other reports presented different figures for profit before tax or for the wider Emirates Group. The National and Reuters reported the airline's net profit as $903 million. However, Gulf News, Emirates24|7, economymiddleeast.com, and saudishopper.com reported a profit before tax of 4.1 billion dirhams ($1.1 billion) for the Emirates Group. Emirates24|7 and economymiddleeast.com also stated the Group's profit after tax was 3.6 billion dirhams ($1.0 billion), down 66% from last year.
What the coverage left out
None of the centre-rated reports mentioned the specific figure for Emirates SkyCargo's transported tonnage, which was down by 1% compared to the same period last year. The right-rated reports did not mention the specific figure for Emirates SkyCargo's transported tonnage or the 1% decrease in that tonnage.
Still developing. We have re-checked which outlets are covering this 5 times, most recently on 5 Nov 2026, 09:30, and will add the sides that appear.
How other outlets pictured it
Which photograph to run is each newsroom’s own choice. The leaning beside a name is that outlet’s published rating, not a claim that the pictures divide along it. Every picture is shown from the outlet’s own server and links to the article it ran in.

Emirates airline profit drops 66% amid regional conflict and high fuel costs
The National — embedded from source
How each side covered it
Our own reading of the reporting listed below, written from the outlets’ articles rather than quoted from them. The reasoning is set out on our methodology page.
Left
0 rated outlets
No outlet rated left has run this story so far. We are still checking, and will say plainly if that does not change.
Centre
3 rated outlets
- Centre-rated reports from The National and Reuters led with the 66% drop in Emirates airline's net profit. The National highlighted the profit figure of $903 million and attributed the decline to regional disruption and high fuel costs. Reuters also reported the 66% profit drop, linking it to regional airspace disruptions and soaring jet fuel prices. Bloomberg's digest also focused on the profit drop, citing regional warfare and high oil prices as causes.
Right
5 rated outlets
- Right-rated reports from The Star and Emirates24|7 led with the 66% drop in Emirates airline's net profit, with The Star's headline also citing the Iran war as a cause. The Star's full report detailed the impact of regional airspace disruptions and soaring jet fuel prices. Gulf News' digest focused on the Emirates Group's profit of Dh4.1 billion amid regional aviation challenges and rising fuel costs. Emirates24|7's digest also highlighted the Emirates Group's profit before tax of AED4.1 billion ($1.1 billion) despite regional conflict and higher fuel costs.
Questions about this coverage
- How did the left and right cover Emirates airline profit drops 66% amid regional conflict and high fuel…?
- Of the 8 outlets on this story carrying a published leaning rating, 0% are rated left, 37% are rated centre, 63% are rated right. Those percentages are shares of the rated outlets, not of every outlet that ran it, which was 15. The sections above set out what each side emphasised, in its own terms.
- Is Emirates airline profit drops 66% amid regional conflict and high fuel… left or right?
- Too few of the outlets on this story carry a published leaning rating to say. 8 of them do, and this site does not characterise a field under 12: at that size one newsroom filing moves the share by ten points. The percentages above are the count as it stands.
- Is the coverage of Emirates airline profit drops 66% amid regional conflict and high fuel… biased?
- Emirates airline profit drops 66% amid regional conflict and high fuel costs is one event reported by 15 outlets, and this page does not rate the story as biased or unbiased. What it publishes is the spread: which outlets ran it, where named rating organisations place each of them on the spectrum, and what each side chose to lead with. A leaning rating describes an outlet's record over time, not this article, and the two should not be run together.
- Which side is not reporting Emirates airline profit drops 66% amid regional conflict and high fuel…?
- When we first saw this story, outlets rated left had barely covered it. Coverage accretes for hours after an event, so that is where to look rather than a verdict — the split above is the current count, and it is the one to read.
- Which outlets covered Emirates airline profit drops 66% amid regional conflict and high fuel…?
- 15 that we know of, every one of them listed further up this page with a link to its own report and to what we hold on the publisher. Nothing here is a summary of somebody else's summary: the outlets are named so the original reporting can be read.
- What was Emirates airline's net profit in the first half of the fiscal year?
- Emirates airline reported a net profit of 3.3 billion dirhams ($903 million) for the six months ending September 30, 2026. This represented a 66% drop compared to the same period in the previous year.
- What caused the drop in Emirates airline's profit?
- The decline in profit was primarily due to disruptions in regional airspace caused by the US-Israeli war with Iran, which affected travel and led to a significant increase in jet fuel prices. Fuel costs rose by 60% before hedging gains.
- How did passenger numbers and revenue change?
- Emirates airline carried 21.8 million passengers, a 22% decrease year-on-year. Revenue declined by 13% annually to 56.9 billion dirhams ($15.5 billion) for the six-month period.
Read it at the source
15 outlets, grouped by the leaning a published rating gives them. Every headline links to the original; an underlined outlet name opens our profile of that publisher.
Left
0No outlet in this group ran the story.
Centre
3- Emirates Reports 66% Profit Slump on War, High Fuel Costs (opens Bloomberg in a new tab)
- Emirates airline net profit drops 66% in first half dragged down by Iran war (opens Reuters in a new tab)
- Emirates airline posts $903m in half-year profit despite regional disruption (opens The National in a new tab)
The National — is The National biased? Our profile of this outlet
Right
5- Emirates Sees Half-Year Profit Drop Sharply Due to Impact of War (opens dagelijksestandaard.nl in a new tab)
dagelijksestandaard.nl — is dagelijksestandaard.nl biased? Our profile of this outlet
- The Wall Street Journal:. Emirates airline reports a sharp decline in first-half profits due to the war against Iran, with profits falling by 66% compared to last year (opens news-pravda.com in a new tab)
news-pravda.com — is news-pravda.com biased? Our profile of this outlet
- Emirates Group Posts Dh4.1 Billion Profit Amid Regional Aviation Challenges (opens Gulf News in a new tab)
- Emirates airline net profit drops 66% in first half dragged down by Iran war (opens The Star Kuala Lumpur in a new tab)
The Star Kuala Lumpur — is The Star Kuala Lumpur biased? Our profile of this outlet
- Emirates Group posts AED4.1 billion half-year profit despite regional conflict and higher fuel costs (opens Emirates24|7 in a new tab)
Emirates24|7 — is Emirates24|7 biased? Our profile of this outlet
Not rated
7- Emirates Profit Falls 66 Percent Due to War (opens Nieuws.nl in a new tab)
- The Iran War Is Killing the Airline's Profits (opens Dagens industri in a new tab)
Dagens industri — is Dagens industri biased? Our profile of this outlet
- The Iran War Is Putting Pressure on Emirates – Profits Are Plummeting and Fewer People Are Flying (opens borskollen.se in a new tab)
borskollen.se — is borskollen.se biased? Our profile of this outlet
- Emirates Profit Drops 66% as Iran War, High Oil Prices Hit Dubai Airline (opens BizToc in a new tab)
- $18 Billion in Income From the Emirates Group in Six Months. (opens Unknown in a new tab)
Unknown
- Emirates Group delivers $1.1 billion profit before tax, $18 billion revenue in 6M 2026-27 (opens economymiddleeast.com in a new tab)
economymiddleeast.com — is economymiddleeast.com biased? Our profile of this outlet
- The United Arab Emirates Group's Profits Record 4.1 Billion Dinars. (opens Unknown in a new tab)
Unknown
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