The pandemic has not been easy on anyone not even on the airline Emirates. Emirates recently released its financial record for the past year, it was not so good. It is the first time in 30 years that this huge company has posted a loss. It has almost suffered a loss of AED 22 billion. The airline has done everything possible to reduce its expenditures, the workforce has been reduced by 31% and so much more. But the main issue here is that the airline had to face a reduction of passengers by 88%.
The Emirates Group has announced its financial results for 2020-21, its first non-profitable year in over three decades, due to the COVID-19 pandemic impact. https://t.co/pAhEZKK3hi pic.twitter.com/pRE7NmTcxB
— Emirates (@emirates) June 15, 2021
“The COVID-19 pandemic continues to take a tremendous toll on human lives, communities, economies, and on the aviation and travel industry,” said Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group. “In 2020-21, Emirates and dnata were hit hard by the drop in demand for international air travel as countries closed their borders and imposed stringent travel restrictions.”