Emirates SkyCargo strengthened its position in the global air freight market during fiscal year 2025-26, supported by strategic freighter additions, network expansion, and resilient cargo demand across key trade lanes. The cargo division emerged as a major contributor to the Emirates Group’s record financial performance, reflecting the growing importance of air cargo in global supply chains.
The Emirates Group reported a record profit before tax of AED 24.4 billion (US$6.6 billion) for FY2025-26, while revenues rose 3% year-on-year to AED 150.5 billion. Emirates airline alone generated AED 130.9 billion in revenue and retained its position as the world’s most profitable airline.
Cargo operations played a significant role in this growth trajectory. Emirates SkyCargo transported approximately 2.4 million tonnes of cargo during the fiscal year and generated AED 16.2 billion in revenue, according to regional business reports. The carrier benefited from additional freighter capacity introduced over the past year as it responded to sustained e-commerce demand, pharmaceutical shipments, perishables trade, and manufacturing recovery across Asia, Europe, and the Middle East.
The airline continued investing heavily in fleet and logistics infrastructure to strengthen its cargo capabilities. Emirates Group invested AED 17.9 billion (US$4.9 billion) during FY2025-26 in aircraft, equipment, technology, and facilities to support long-term growth plans. Industry analysts note that the addition of Boeing 777 freighters and leased cargo aircraft enabled Emirates SkyCargo to improve schedule flexibility and capacity deployment across high-demand international routes.
The expansion comes at a time when global air cargo markets are stabilising after several years of disruption. Rising cross-border e-commerce volumes and increasing demand for time-sensitive shipments continue to support premium air freight services. Emirates SkyCargo has also expanded specialised logistics offerings for pharmaceuticals, dangerous goods, and temperature-sensitive cargo, reinforcing Dubai’s role as a global logistics hub.
Despite geopolitical tensions and operational disruptions in the final month of the financial year, Emirates maintained strong cargo and passenger demand. Group Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum highlighted the resilience of the company’s business model and its continued investments in innovation, people, and infrastructure.
With additional freighters expected to join its fleet over the next few years, Emirates SkyCargo is positioning itself for further expansion as global supply chains increasingly prioritise speed, reliability, and network connectivity.
Emirates SkyCargo strengthened its position in the global air freight market during fiscal year 2025-26, supported by strategic freighter additions, network expansion, and resilient cargo demand across key trade lanes. The cargo division emerged as a major contributor to the Emirates Group’s record financial performance, reflecting the growing importance of air cargo in global supply chains. The Emirates Group reported a record profit before tax of AED 24.4 billion (US$6.6 billion) for FY2025-26, while revenues rose 3% year-on-year to AED 150.5 billion. Emirates airline alone generated AED 130.9 billion in revenue and retained its position as the world’s most profitable airline. Cargo operations played a significant role in this growth trajectory. Emirates SkyCargo transported approximately 2.4 million tonnes of cargo during the fiscal year and generated AED 16.2 billion in revenue, according to regional business reports. The carrier benefited from additional freighter capacity introduced over the past year as it responded to sustained e-commerce demand, pharmaceutical shipments, perishables trade, and manufacturing recovery across Asia, Europe, and the Middle East. The airline continued investing heavily in fleet and logistics infrastructure to strengthen its cargo capabilities. Emirates Group invested AED 17.9 billion (US$4.9 billion) during FY2025-26 in aircraft, equipment, technology, and facilities to support long-term growth plans. Industry analysts note that the addition of Boeing 777 freighters and leased cargo aircraft enabled Emirates SkyCargo to improve schedule flexibility and capacity deployment across high-demand international routes. The expansion comes at a time when global air cargo markets are stabilising after several years of disruption. Rising cross-border e-commerce volumes and increasing demand for time-sensitive shipments continue to support premium air freight services. Emirates SkyCargo has also expanded specialised logistics offerings for pharmaceuticals, dangerous goods, and temperature-sensitive cargo, reinforcing Dubai’s role as a global logistics hub. Despite geopolitical tensions and operational disruptions in the final month of the financial year, Emirates maintained strong cargo and passenger demand. Group Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum highlighted the resilience of the company’s business model and its continued investments in innovation, people, and infrastructure. With additional freighters expected to join its fleet over the next few years, Emirates SkyCargo is positioning itself for further expansion as global supply chains increasingly prioritise speed, reliability, and network connectivity.
Kempegowda International Airport Bengaluru recorded a robust performance in FY2025–26, handling 44.47 million passengers and 532,000 metric tonnes of cargo, underlining sustained momentum across both aviation and logistics operations while reinforcing its stature as a major gateway for South India. International traffic emerged as the primary growth driver, surging 23.9% year-on-year to 7.23 million passengers, while domestic traffic rose 3.3% to 37.24 million passengers. Overall passenger movement increased 6.2%, supported by Bengaluru’s growing significance as a global business, technology and innovation hub. The airport also witnessed notable growth in transfer traffic, which rose nearly 22% and now contributes close to 15.7% of total passenger volumes. International transfer traffic expanded by over 50%, highlighting the airport’s increasing role as an emerging transit and connectivity hub. BLR Airport further strengthened its international footprint with new destinations including Hanoi and Riyadh, alongside higher frequencies on major global sectors such as London Heathrow, Bangkok, Bahrain, Jeddah, Munich and Mauritius. Operationally, the airport handled 280,800 air traffic movements during the year, reflecting a 4.5% annual increase. On the cargo front, the airport recorded 6% year-on-year growth, supported by a network of 15 cargo airlines operating across 38 destinations connecting Bengaluru to major global trade hubs including Chicago, Frankfurt, Hong Kong, Shenzhen and Singapore. Cargo demand remained strong across perishables, pharmaceuticals, electronics, auto components and e-commerce shipments. Perishable exports continued to remain a major growth pillar, with BLR Airport retaining its position as India’s leading gateway for perishable exports for the fifth consecutive year. Growth in flower, mango and coriander exports, coupled with the commissioning of the AISATS BLR Logistics Park, further strengthened the airport’s cargo handling and processing capabilities.
With the opening of the Navi Mumbai International Airport (NMIA) in late May, air passengers in the Mumbai Metropolitan Region (MMR) will soon face a crucial choice—whether to fly from the new facility or continue using the existing Mumbai airport. However, within a decade, this decision will become less relevant as the new airport is set to become the region’s primary hub. By the early 2030s, Navi Mumbai airport is expected to take over the bulk of flight operations in the MMR, relegating Mumbai airport to a secondary role. In the immediate term, Mumbai airport’s Terminal 1 (T1) at Santacruz (East) is set to cease operations, affecting approximately 15 million annual passengers. Of these, 10 million will be accommodated at Navi Mumbai airport’s T1, while the remaining five million will move to Terminal 2 (T2) at Sahar. As part of this transition, Mumbai T2’s passenger capacity will be increased from 40 million to 45 million. This shift is expected to ease congestion at the heavily burdened Mumbai airport, improving air traffic flow and reducing waiting times for arrivals and departures. Most general aviation services, including private jets and chartered aircraft, are also set to move to NMIA. Globally, major metropolitan regions operate with multiple airports, with one acting as the primary hub and others supporting regional and domestic operations. London, for instance, has Heathrow as its main airport, with Gatwick, Stansted, and Luton functioning as secondaries. Similarly, in New York, John F. Kennedy Airport serves as the primary gateway, while Newark and LaGuardia cater to additional air traffic. Following this global model, the Mumbai Metropolitan Region is preparing for a structured redistribution of air travel demand, where Navi Mumbai will take precedence, and Mumbai airport will eventually serve as a supporting facility. Currently, Mumbai airport manages 55 million passengers annually, making it India’s second busiest after Delhi. As NMIA starts handling 10 million passengers in its first year and expands to 20 million by mid-2026, its trajectory will reshape the region’s aviation landscape. The first terminal at NMIA has a capacity of 20 million passengers per annum (PPA) and is expected to reach full capacity in record time. A second terminal, with a handling capacity of 30 million PPA, is scheduled to be ready by 2029. Mumbai T2 and NMIA T1 will undergo phased expansions between 2026 and 2029 to accommodate demand surges. NMIA is designed for continuous expansion, with successive infrastructure developments over the next decade. Eventually, it will surpass Mumbai airport, featuring parallel runways and multiple terminal buildings to accommodate future passenger growth. By 2032, with the commissioning of Terminal 3 and Terminal 4, NMIA’s handling capacity will reach 90 million passengers per year, solidifying its status as the region’s dominant airport. Comparatively, Mumbai airport, constrained by spatial limitations and urban encroachment, will be unable to match this scale and will settle into the role of a secondary airport. BVJK Sharma, CEO of Navi Mumbai International Airport, expressed confidence in NMIA’s ability to revolutionise the region’s air travel. “The Navi Mumbai airport is well supported by multimodal connectivity, and we are confident in meeting MMR’s ever-increasing demand. I am positive that the airport will contribute greatly to the region’s and country’s growth,” he stated. Despite these developments, NMIA’s rise will not be enough to help MMR regain its former dominance in India’s aviation sector. Delhi’s Indira Gandhi International Airport, already India’s busiest, is set to expand further, ensuring the National Capital Region remains the country’s leading aviation hub. With Navi Mumbai and Mumbai airports projected to handle a combined 100 million passengers per year by 2032, MMR will remain a critical aviation centre but will lag behind Delhi in total air traffic volume. Source: The Times of India
