Emirates posts first loss in three decades as virus slams travel
Photo via Bloomberg
Published 15 Jun,2021 via Bloomberg News Service (Global Editions) - Emirates Group, owner of the world’s largest long-haul airline prior to the Covid-19 pandemic, slumped to a 22.1 billion dirhams ($6 billion) loss in the financial year ended March as the virus upended demand for air travel.
The state-owned company received a capital injection of 11.3 billion dirhams ($3.1 billion) from its owner, the government of Dubai. Its dnata unit tapped industry support programs and availed relief of nearly 800 million dirhams, Chairman Sheikh Ahmed Bin Saeed Al Maktoum said.
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Layan Odeh