Emirates says losses have decreased to one billion – Roya News English

Emirates says losses have decreased to one billion – Roya News English

Emirates Airlines, the largest air carrier in the Middle East, announced on Friday that its losses decreased significantly, with the increase in demand for travel.

The company said in a statement that it recorded in the fiscal year 2021-2022 that ended on March 31, "a loss of 3.8 billion dirhams (1 billion US dollars), compared to losses of 5.5 billion dollars in the previous fiscal year.

In June 2021, the company announced its first annual loss in more than three decades, against the backdrop of closures related to the coronavirus, which hit the aviation sector hard.