Emirates Airlines Receives First Loss in 30 Years

Emirates, the largest airline in the Middle East, posted a loss of $ 5.5 million in the fiscal year ended in March, up from a profit of $ 288 million a year earlier. over the past 30 years, according to an official press release.

Emirates’ annual revenues fell 66% to $ 8.4 billion. The company’s fleet fell by 11 aircraft over the year. Over the past year, Emirates carried 6.6 million passengers, which is 88% lower than a year earlier. For the first time in the history of the Emirates Group, staff reductions were made across all divisions of the group, including Emirates. As a result, the staff of the Emirates Group was reduced by 31%, to 75 thousand people. The airline blamed the coronavirus pandemic as the reason for all the cuts and cuts, due to which flights were suspended in March 2020 for a long time, and certain restrictions still remain. Dubai authorities have supported Emirates since the start of the pandemic, investing $ 3.1 billion in the airline during this time.

Alena Miklashevskaya

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