Business Standard

Pandemic sends Emirates to half-year loss for first time over 30 years

Emirates airline said on Thursday it lost $3.4 billion in the first half of the year due to the coronavirus crisis, handing its holding company a half-year loss for the first time in over thirty years

Emirates Airlines

Reuters DUBAI
DUBAI (Reuters) - Emirates airline said on Thursday it lost $3.4 billion in the first half of the year due to the coronavirus crisis, handing its holding company a half-year loss for the first time in over thirty years.
The airline, which temporarily suspended operations this year, saw revenue fall 75% to $3.2 billion.
 
(Reporting by Alexander Cornwell; editing by David Evans)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Nov 12 2020 | 2:52 PM IST

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