Freight carries Aramex while aviation and MRO power Agility and Abu Dhabi Aviation

Higher MRO activity lifted Abu Dhabi Aviation’s earnings in 1H 2026. The group’s net income rose 6.6% y-o-y to AED 420.6 mn, according to its financial release (pdf). The firm’s revenue climbed 28.3% y-o-y to AED 4.7 bn.

Behind the numbers: MRO revenue grew 30.6% and accounted for nearly 90% of group revenue, driven by sustained fleet-support demand at GAL and a pickup in Ammroc’s contracted programs moving into full execution. General Aviation revenue rose 7.6% to AED 509.9 mn, supported by stronger cargo operations at Maximus Air.

The caveat: Reported earnings included a one-off settlement tied to an Ammroc legacy contract, which contributed AED 364 mn to revenue and AED 102 mn to net income, nearly a quarter of the total. Excluding it, underlying earnings were below the year-earlier period due to a bigger share of contracted MRO work, lower contributions from equity-accounted investees, and higher depreciation following fleet and facility investments.

Freight forwarding carries Aramex to a record quarter

Record freight forwarding revenue and rerouting pushed Aramex’s 2Q 2026 revenue up 22% y-o-y to AED 1.8 bn — the highest quarterly figure the firm recorded, according to its earnings release. Its net income swung to AED 47.4 mn from AED 9.3 mn a year prior.

Regional disruption drove the freight forwarding surge. The unit posted its highest-ever quarterly revenue as Aramex rerouted cargo via new Europe-Middle East land routes and added air and sea charter capacity to keep freight moving — while the rest of the network helped balance the business, with Domestic Express growing and international express volumes stabilizing after several quarters of declines.

The half-year read: 1H revenue rose 12% y-o-y to AED 3.43 bn, while net income reached AED 64.4 mn — up from a reported AED 7.9 mn a year earlier, or a normalized AED 33.4 mn once one-off items are excluded.

Agility Global posts solid 2Q

Strong growth across Agility Global’s aviation and fuel-logistics segments pushed its net income up 32% y-o-y to USD 57.8 mn in 2Q 2026, according to its financial release (pdf). The firm’s revenue rose 26% to USD 1.5 bn.

What moved the quarter: Menzies Aviation led the quarter, with revenues up 31% y-o-y to USD 908 mn on contributions from G2, new contracts, and higher yields, while aircraft turns rose around 8% and cargo volumes went up 7%. Tristrar’s revenues climbed 22% on stronger fuel-business performance, while Agility Logistics Parks posted 47% revenue growth as newly completed facilities started generating income.

Six-month check: Agility Global’s net income in 1H rose 30% y-o-y to USD 97.5 mn, alongside a 25% y-o-y rise in revenues to roughly USD 3 bn. The lifts were supported by an increase in aviation-services revenue, which climbed 33% to USD 1.8 bn, and fuel-logistics revenue, which rose 16% to USD 797.2 mn.