Emirates airline posts first loss in more than 30 years

Emirates airline posts first loss in more than 30 years

The airline, which was forced to temporarily suspend operations earlier this year before building back its vast network, saw revenue fall 75 percent to $3.2 billion







AFP

, Thursday 12 Nov 2020







FILE PHOTO: In this file photo taken on July 8, 2020 Emirates aircrafts are parked on the tarmac at Dubai International Airport (DXB). (Photo: AFP)













Dubai-based Emirates airline on Thursday posted a $3.4 billion half-year loss, its first in more than three decades, saying it had been badly hit by the coronavirus lockdown that brought air transport to "a literal standstill".

"In this unprecedented situation for the aviation and travel industry, the Emirates Group recorded a half-year loss for the first time in