Emirates Posts $3.4 Billion Half-year Loss As COVID-19 Hits Flights

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DUBAI: Emirates misplaced $3.4 billion within the first six months of the yr, tipping the Dubai state-owned airline’s holding firm into its first half-year loss in additional than thirty years.

The provider, which briefly suspended operations this yr on the peak of the coronavirus pandemic, mentioned world flight and journey restrictions meant income dropped 75% to $3.2 billion as passenger site visitors fell 95% to 1.5 million.

Emirates Group, which incorporates the airline, mentioned its workforce had shrunk by 24% to 81,334 workers as of Sept 30.

The airline confirmed it had acquired $2 billion in monetary help from the federal government of Dubai as an fairness funding.

Emirates had reported a 862 million dirham revenue for the primary half of the earlier yr.

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