Emirates Airlines, one of the largest long-haul airlines in the world, has announced that it will borrow to overcome the Corona virus epidemic and that it may be forced to take more measures to face months that will be the most difficult in Its history.

The government-owned airline, which halted regular passenger flights last March due to the Corona virus pandemic that ravaged global travel demand, said that the recovery of the request will not take place before 18 At least one month.

The company announced that its profits for the fiscal year ending March 31 increased by 21%, but said that the outbreak of the epidemic had damaged performance in the fourth quarter and it would knock on the banks’s doors to obtain On loans during the first quarter to mitigate the effect of the virus spread on cash flows.

Emirates Airlines, which had received a promise to receive financial assistance from the emirate of Dubai, did not say how much it expected to collect.

The Chairman of the Board, Sheikh Ahmed bin Saeed, said in a statement that the Coruna epidemic will have a tremendous impact on our performance in 2020-2021.

We continue to take strong cost-management measures and other steps necessary to protect our work with planning to resume activities.

In an internal e-mail sent to workers on Sunday and seen by Reuters, Sheikh Ahmed said that the coming months will be the most difficult in the airline's 35-year history.

He says in the letter at some point, if our situation does not improve, we will have to take more difficult measures.

Emirates Airlines has yet to respond to an email request for comment on the internal message.

The Emirates Group, which includes Emirates Airline assets, said it would not pay annual dividends to the Dubai Government’s fund, to which it is a shareholder. She explained that her cash assets amounted to 25.6 billion dirhams (seven billion dollars).

Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum said in the group's annual report issued on Sunday, he is confident that Emirates will come out of the crisis a strong and a leading global navigation company. Air.

Dubai said last March it would inject funding into the airline. Emirates said in its annual report that Dubai will support it financially if necessary.

A spokeswoman for Emirates Airlines said ...