Emirates posts $3.4 billion half-year loss as coronavirus hits flights 

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Plane operated by Emirates, at Dubai Worldwide Airport within the United Arab Emirates.

Christopher Pike | Bloomberg | Getty Pictures

Emirates misplaced $3.4 billion within the first six months of the 12 months, tipping the Dubai state-owned airline’s holding firm into its first half-year loss in additional than thirty years.

The service, which quickly suspended operations this 12 months on the peak of the coronavirus pandemic, stated world flight and journey restrictions meant income dropped 75% to $3.2 billion as passenger visitors fell 95% to 1.5 million.

Emirates Group, which incorporates the airline, stated its workforce had shrunk by 24% to 81,334 workers as of Sept 30.

The airline confirmed it had acquired $2 billion in monetary help from the federal government of Dubai as an fairness funding.

Emirates had reported a 862 million dirham revenue for the primary half of the
earlier 12 months.

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