Emirates Airline Posts $5.5 bn Annual Loss, a First in over 30 Years
Dubai-based Emirates airline on Tuesday posted a $5.5 billion annual loss, its first in more than three decades, after the coronavirus pandemic badly hit the aviation industry.
"Due to ongoing pandemic-related flight and travel restrictions, the airline reported a loss of 20.3 billion dirhams ($5.5 billion) after last year's 1.1 billion dirhams ($288 million) profit," the airline said in a statement.
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