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| The Corona epidemic plunged the world-famous airline into financial crisis |
Dubai News Latest, November 14, 2020 Corona epidemic has also dealt a major blow to Emirates Airlines financially. Emirates, which has always been profitable, has suffered a business loss for the first time in 30 years due to the suspension of aerial operations during the Corona epidemic. Is .
According to the Daily Gulf Urdu, Emirates had made a profit of Rs 1.20 billion during the same period last year. Emirates Airlines' revenue also declined by 75% during April-September to 11.7 billion dirhams.
The airline lost 2.6 billion dirhams during the period, compared to 862 million dirhams in the same months last year.
As of March 31, 2020, the Emeritus Group's assets were worth جو 25.6 billion, which has shrunk to 20.7 billion by September 30, 2020. According to the Emirates Group, the historic loss was caused by the Corona epidemic, which disrupted air travel around the world for several weeks. Many countries had closed their airspace, causing losses to every airline in the world. Millions of dirhams have also been refunded to passengers for booking tickets. Sheikh Ahmed bin Saeed Al Maktoum, chief executive of Emirates Group and chairman of Emirates Airlines, said that for the first time in 30 years, Emirates had incurred such a large business loss.
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