en.Wedoany.com Reported - Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline & Group, stated in the annual results report that due to the significant rise in jet fuel prices caused by military operations in the Middle East, Emirates has effectively hedged against high oil prices through 2028-29.

Sheikh Ahmed noted that jet fuel prices have more than doubled since the regional conflict began on February 28. He stated: "From a fuel perspective, Emirates is well-hedged through 2028-29, and we have worked with suppliers to secure the volumes needed to support current operations and restore our scale to pre-disruption levels."

Financially, Emirates announced a record pre-tax profit of AED 22.8 billion, remaining the world's most profitable airline. Sheikh Ahmed said the Group entered 2026-27 with a very strong cash position, and the aircraft delivery and retrofit programs will continue to advance rapidly, with investments in new facilities and equipment proceeding as planned.

Regarding capacity restoration, Sheikh Ahmed stated that due to the regional military conflict, Emirates' passenger capacity remains below pre-disruption levels, but cargo operations have been intensified. As of May 4, the airline operates to 137 destinations across 72 countries, with a weekly flight frequency exceeding 1,300, equivalent to 75% of pre-disruption capacity. The company had previously restored 96% of its global route network.

Sheikh Ahmed also mentioned that before the conflict erupted, the Group had an exceptionally strong performance in the first 11 months of the 2025-26 fiscal year, exceeding targets month after month. Last month, Brand Finance data showed that Emirates' brand value grew by 27% to USD 10.6 billion, maintaining its ranking as the third most valuable airline brand globally.

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