Emirates Group Reports Record Earnings
Analysis based on 7 articles · First reported May 07, 2026 · Last updated May 08, 2026
The record financial results of Emirates (airline), driven by strong performance from Emirates and Dnata, indicate robust health in the aviation sector, positively impacting investor confidence in related industries. The dividend declaration to Investment Corporation of Dubai also signals strong returns for its owner. However, the increased corporate tax rate in United Arab Emirates could slightly temper future profit growth.
Emirates (airline) released its 2025-26 Annual Report, announcing record profit, revenue, and cash balances despite operational disruptions in the final month of the financial year. The group reported a profit before tax of AED 24.4 billion (US$6.6 billion) and revenue of AED 150.5 billion (US$41.0 billion). Emirates maintained its position as the world's most profitable airline, with record profit and revenue, expanding its network to 152 cities and taking delivery of 15 new Airbus aircraft. Dnata also achieved record profit and revenue, with strong growth across its business units. Emirates (airline) declared a dividend of AED 3.5 billion (US$1.0 billion) to its owner, Investment Corporation of Dubai. The United Arab Emirates' corporate tax rate for Emirates (airline) increased from 9% to 15% due to the adoption of Pillar Two tax rules. Chairman and Chief Executive Ahmed bin Saeed Al Maktoum highlighted the group's resilience and strategic investments, including AED 17.9 billion (US$4.9 billion) in new aircraft, facilities, and technology. The group's workforce grew by 8% to 130,919 employees.
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