Emirates posts $3.8bn loss as virus reduces air travel to a trickle
The Dubai-based carrier has recovered about a sixth of its pre-pandemic network with the Emirates Group also cutting about 26,000 jobs
12 November 2020 - 18:01
Dubai — Emirates Group, owner of the world’s largest long-haul carrier, slumped to its first loss in more than 30 years after the coronavirus pandemic reduced demand for air travel to a trickle.
The 14.1-billion dirham ($3.8bn) loss for the state-owned company came alongside a 24% reduction in headcount over the six months to end-September, Emirates said in a statement on Thursday. Revenue fell 74% as an increase in cargo traffic wasn’t enough to offset the decline of commercial flights...
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