Emirates airline posts $5.5 billion loss as coronavirus disrupts travel – NN NEWS

Emirates airline posts $5.5 billion loss as coronavirus disrupts travel – NN NEWS

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DUBAI: The Middle East’s largest airline, Emirates, announced on Tuesday a net loss of $5.5 billion over the past year as revenue fell by more than 66% due to global travel restrictions sparked by the coronavirus pandemic.
The Dubai-based airline said revenue had declined by $8.4 billion, largely due to the suspension of passenger flights at its hub in March 2020 and ongoing restrictions on travel.
Emirates Group, which also operates dnata ground services at airports, reported a total loss of $6 billion, the first time ever it does not post a profit in more than three decades, the company said.
Dubai’s government has stepped in to assist Emirates financially.

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