Emirates Group profit fell 66% in the first half of the fiscal year

Emirates Group reported a 66% drop in profit for the first half of the fiscal year, impacted by war and rising oil prices. The Dubai-based airline's net profit was $1 billion, down from $2.9 billion the previous year. CEO Sheikh Ahmed bin Saeed Al Maktoum noted unprecedented regional challenges and high oil costs, although customer demand remained strong. The group's workforce decreased by 2% to 128,237 employees. Air traffic disruptions and travel restrictions due to Middle Eastern conflicts affected results, leading to a 13% revenue decline to $15.5 billion. Dnata's net profits also fell by 56% to $84 million.