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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