DUBAI: The Middle East’s biggest airlineEmirates, announced on Tuesday a net reduction of $5.5 billion over the last year as earnings fell by over 66 percent as a result of international travel constraints sparked from the coronavirus pandemic.
The Dubai-based airline stated earnings had dropped by $8.4 billion, mainly because of the suspension of passenger flights in its heart in March 2020 and continuing restrictions on traveling.
Emirates Group, which also functions dnata floor services in airports, reported that a complete reduction of $6 billion, the first time it doesn’t post a gain in over three decades,” the business said.
Dubai’s government has resigned to help Emirates financially.
Emirates Articles $5.5bn Reduction as virus Interrupts travel
