- June 16, 2021
- Posted by: Stratford Team
- Category: Business
Emirates Airlines planes at Dubai International airport in the Gulf emirate on April 20, 2010 … [+] (Photo: KARIM SAHIB/AFP via Getty Images)
AFP via Getty Images
Emirates airline took in $3.1bn of government assistance and let almost a third of its staff go during the Covid-19 pandemic, but even those tough measures could not prevent the group posting a loss of $6bn for the year to the end of March.
In results released today, the Dubai-based company reported a 66% fall in total revenue to AED35.6 ($9.7bn) and a loss of AED22.1bn ($6bn).
The largest part of the group is the Emirates airline business, which reported a 66% fall in revenue to AED30.9bn and a loss of AED20.3bn. The smaller ground-handling division, Dnata, reported a 62% fall in revenue to AED5.5bn and a loss of AED1.8bn.
The results for what is one of the world’s leading long-haul carriers highlights the damage caused by the coronavirus pandemic to the global aviation…
