One of the world’s largest airlines, Emirates, suffered a loss of $ 5.5 million in the fiscal year ended March, up from $ 288 million a year earlier.
Kyiv. Ukraine. Ukraine Gate – June 16, 2021 – Transportation
The loss of its parent company, Emirates Group, amounted to $ 6 billion, and this is the first loss in more than 30 years, according to the company’s official press release. Emirates’ annual revenue fell 66% to $ 8.4 billion.
In addition, the company’s fleet has shrunk by 11 aircraft over the year. During the year, Emirates carried 6.6 million passengers, which is 88% less than a year earlier.
For the first time in the history of the Emirates Group, staff reductions were made in all divisions, including Emirates. As a result, the staff of Emirates Group was reduced by 31% to 75 thousand people.
The reason for the reductions and declines is called the coronavirus pandemic, due to which flights were suspended in March 2020 for a long time, and still some restrictions remain.
Dubai authorities have supported Emirates since the beginning of the pandemic, investing $ 3.1 billion in the airline during this time.
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Source: Ukrgate
