Emirates, the world’s largest international airline, posts massive loss

The Emirates, the world’s largest international airline has posted a massive US$5.50 billion loss for the year to March 31, 2021, due to the COVID-19 pandemic impact, its first non-profitable year in over three decades.

Emirates carried 6.6 million passengers down 88 per cent in 2020-21, with seat capacity down by 83 per cent. The airline reported a passenger load factor of just 44.3 per cent compared with last year’s passenger load factor of 78.5 per cent.

The loss is a dramatic reversal on last year’s profit of US$ 288 million.

The Emirates Group’s revenue, which includes the ground handling company dnata, was read more ⇒

Source:: AirlineRatings.Com

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