❗️Emirates reports 66% profit plunge as war on Iran disrupts regional air travel Emirates airline announced a 66% decline in first-half net profit on Thursday, as airspace closures and disruptions caused by the US-Israeli war on Iran disrupted travel across West Asia and drove up jet fuel prices. The Dubai-based carrier recorded a net profit of 3.3 billion dirhams ($903 million) for the six months ending 30 September, while revenue dropped 13% to 56.9 billion dirhams ($15.5 billion). "The first six months of 2026-27 brought significant challenges to Emirates' operations as intermittent airspace restrictions and closures across the region tested the airline's operational agility, while government travel advisories reshaped consumer choices and travel flows," Emirates Group, the airline's Dubai-based parent company, said in a statement. Emirates said it had resumed operations across 91% of its network by the end of September, although passenger numbers and capacity remained considerably lower than a year earlier. The airline transported 21.8 million passengers during the first half of the year, marking a 22% decline compared with the same period in 2025. Available seat kilometres (ASK), the industry's standard measure of passenger capacity, fell 17%, while the average passenger seat factor, which tracks the share of available seats occupied by paying customers, dropped to 72% from 79.5%.