Emirates Airlines records annual loss of $5.5 billion for first time in three decades – Roya News English

Emirates Airlines records annual loss of $5.5 billion for first time in three decades – Roya News English

Emirates Airlines, the largest air carrier in the Middle East, recorded an annual loss of 5.5 billion dollars for the first time in more than three decades, against the backdrop of closures related to the coronavirus, which hit the aviation sector hard.

The Dubai-based company said in a statement on Tuesday, “As a result of the continued restrictions on flights and travel due to the pandemic,” the company recorded “losses of 20.3 billion dirhams (5.5 billion dollars), compared to profits of the previous year."

The last time the company reported a loss was in the 1987-1988 financial year when its operations began.