AERO TRADING GROUP Corp

Emirates records steep annual loss

Emirates records steep annual lossEmirates records steep annual loss

Emirates Group has announced its first year of loss in over 30 years caused by a significant drop in revenue attributed to the impact of COVID-19 related flight and travel restrictions throughout its entire financial year 2020-21. The Emirates Group posted a loss of AED 22.1 billion (US$ 6.0 billion) for the financial year ended 31 March 2021 compared with an AED 1.7 billion (US$ 456 million) profit for last year. The Group’s revenue was AED 35.6 billion (US$ 9.7 billion), a decline of 66% over last year’s results. Due to ongoing pandemic-related flight and travel restrictions, the airline reported

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