During the first half of this year, Emirates Airlines incurred $ 3.4 billion in losses.
According to Arabiya Net, these are the first losses for the largest air transport group in the Middle East in three decades, against the background of closures related to the emerging Corona virus.
and its total revenues fell by 75% to $ 3.2 billion between April 1 and September 30, after it transported only 1.5 million passengers, a decrease of 95% from the number of passengers in the period. Same as from 2019.
and the company, which was forced to suspend its flights for weeks with the beginning of the spread of the virus before re-operating flights to a number of cities, explained that the losses in the first six months of its current fiscal year until The end of September amounted to $ 3.4 billion, compared to profits of more than $ 200 million in the same period last year.
With the suspension of travel traffic, Emirates Airlines was able to switch to ordering goods.
Emirates Group Chief Executive Officer Sheikh Ahmed bin Saeed Al Maktoum said in a statement due to these unprecedented conditions that afflicted the aviation and travel sector, the Emirates Group recorded half-year losses. For the first time in more than 30 years.
Sheikh Ahmed bin Saeed said, “This helped us to restore our revenues from zero to 26% of what it was in the same period last year.
and before the outbreak of the virus, the largest airline in the Middle East was carrying tens of millions of passengers annually to and from Dubai, where tourism has been a lifeline for more than two decades, and it received More than 16.7 million visitors last year.
The procedures for suspending flights and declining numbers of passengers have prompted the company to lay off about 9,000 of its employees, according to Chairman Tim Clark. The group employs 60,000 people, including 4,300 pilots.
Emirates is the largest operator of the massive Airbus 380. The group had previously announced plans to start diversifying its fleet and purchase smaller aircraft.
