Dubai’s Emirates Group reports first half-year loss in over 30 years

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Emirates carried 1.5 million passengers between April 1 and September 30, 2020, down 95 per cent from the same period last year Dubai’s Emirates Group reported a 2020-21 half-year net loss of Dhs14.1bn, down from a net profit of Dhs1.2bn recorded during the same period last year. This marks the group’s first half-year loss in over 30 years. The group’s revenue, however, totaled Dhs13.7bn for the first six months of 2020-21, down 74 per cent from Dhs53.3bn reported during a year-earlier period. The revenue decline was due to the repercussions of the Covid-19 pandemic which brought global air passenger travel to a halt for many weeks as countries closed their borders and imposed travel restrictions. Emirates and dnata’s hub in Dubai also suspended scheduled passenger flights for eight weeks during April and May this year, as part of the pandemic containment measures.

Source: https://gulfbusiness.com/dubais-emirates-group-reports-first-half-year-loss-in-over-30-years/


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