image description
image description
Tell A Friend

FinancialNews


  • 16-11-20

    Coronavirus hits revenues of Emirates airlines fiercely in 2020's H1

    (MENAFN) As part of the severely bad impacts of the hysterical coronavirus pandemic that forced authorities around the world to adopt strict measures to contain the disease, including wide suspension of businesses in almost most of the economic sectors, Emirates Group revealed on Thursday that it registered AED14.1 billion (USD 3.8 billion)-loss in terms of revenues over the first six months of 2020.

    Group profits amounted to AED13.7 billion for the first half the current year, which indicates a 74-percent decline and the first loss reported in the company's history.

    The figures showed that this dramatic revenue decline was due to the COVID-19 pandemic which brought global air passenger travel to a halt for many weeks as countries closed their borders and imposed travel restrictions.

    As part of pandemic containment measures, Emirates and Dnata's hub in Dubai also suspended scheduled passenger flights for eight weeks during April and May.

    MENAFN16112020000045011136ID1101132660

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved