Emirates Slumps To $3.8 Billion Loss, The First In More Than Three Decades

Emirates Slumps To $3.8 Billion Loss, The First In More Than Three Decades

An Emirates Airbus A380 prepares for take-off at Sydney Airport on March 25, 2020 in Sydney, ... [+] Australia. (Photo: Mark Evans/Getty Images)



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The parent company of Emirates Airline has slumped to its first loss in more than 30 years, reporting a $3.8 billion loss for the six months to the end of September.

The Dubai-based airline saw revenues tumble by 75% during the period to just $3.2 billion. Other parts of the wider Emirates Group also suffered, with ground-handling arm Dnata reporting a 67% fall in its revenues to $644 million.

The scale of the losses highlights once again the dire situation facing the global airline industry. Carriers such as Emirates, which have built their business on intercontinental networks, have