Dubai-Sana
Emirates Airlines losses fell by more than half in the first six months of its current fiscal year, compared to the same period last year, with the increase in demand for travel and the easing of restrictions on it.
And Agence France-Presse quoted the company as saying in a statement today: “It recorded losses estimated at 5.8 billion dirhams, or 1.6 billion dollars, compared to losses amounting to 21.6 billion dirhams, or 3.4 billion dollars, during the same period last year due to the outbreak of the Corona virus.”
The company added that losses extended between the months of last April and September, despite the increase in revenues by 86% to 12.7 billion dirhams, supported by the increase in passenger demand and the continuation of the freight business.
In turn, the group’s president, Ahmed bin Saeed Al Maktoum, said: “We witnessed an increase in operations and demand as countries began to ease travel restrictions, and this momentum accelerated during the summer and continues to grow steadily in the winter and beyond,” adding that the company had, since the outbreak of the epidemic, to reduce the network It has expanded its destinations and halted flights for weeks last year before returning to ramping up operations with Dubai opening its doors to tourists in mid-2021.
He pointed out that the company needs additional time before returning to pre-Corona pandemic levels and achieving profits, but it is on the path to recovery.
Emirates Airlines is the largest airline in the Middle East.