Emirates achieved new record profit, revenue and cash balance levels in the last financial year, it has emerged.
This comes, despite a “disruptive and challenging 12 months”.
For the financial year ended 31 March 2026, the Emirates Group reported record profit before tax (PBT) of US$ 6.6 billion), up 7% from last year.
It also recorded record revenue of US$ 41.0 billion), up 3% over last year’s results and record level of cash assets at US$ 16.2 billion), up 12% from last year.
Emirates also retained its place as the world’s most profitable airline.
Commenting, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group said:“These outstanding results, despite significant challenges in the last month of our financial year, reaffirm the strength and resilience of the business model.
“This is rooted in safety, excellence, innovation, people and partnerships.
“For the first 11 months of 2025-26, the picture across the Group was very positive.
“Strong demand for our products and services was driving revenue, and we were achieving healthy margins thanks to our sustained investments in product, people, technology and brand.
“Month after month, we were surpassing our targets.”
He added, “Our people are a big part of our success, enabling us to respond with agility in a dynamic operating environment.
“I’d like to thank all our employees – they have truly exemplified the qualities that set the Group apart during testing times.
“Also, a big thank you to all our ecosystem partners who keep global aviation moving. Their collaboration and solidarity are invaluable and reflect the spirit of partnership that is central to how the Emirates Group operates.”
In 2025-26, the Group collectively invested US$ 4.9 billion in new aircraft, facilities, equipment, and the latest technologies to support its growth plans.
The Group’s total workforce grew by 8% to 130,919 employees, as Emirates and dnata continued recruitment activity around the world to support its expanding operations and boost its future capabilities.
Commenting on the outlook for 2026-27, Sheikh Ahmed said: “At dnata and across the Group, our business streams, scale, portfolio mix, and years of investments give us the resilience and agility to address any near-term challenges.
“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.
“Our aircraft deliveries and retrofit programme will continue apace, as well as our planned investments in new facilities and equipment.”
He said Emirates and dnata will “stay focused on offering industry-leading products and customer experiences, differentiating ourselves on the global stage, attracting the best talent, and delivering value to the communities we serve.”
“Our fundamentals are strong and our proven business model is unchanged. Dubai’s place at the nexus of global commerce, trade and travel flows is unchanged. Our ambition to be the best in the world, and to be of service to the world, is unchanged.”
