Emirates records loss of AED22 billion, first loss for more than 30 years
Emirates records loss of AED22 billion, first loss for more than 30 years

Emirates records loss of AED22 billion, first loss for more than 30 years

The financial reports are in for Emirates and they don’t make pretty reading as the company made a loss of more than 22 billion during the last year.

It’s also the first time the company has posted a loss in more than 30 years.

The numbers make for stark reading.

Emirates has had to reduce its workforce by 31 per cent to 75,145 employees. They also cut their fleet by 11 aircraft.

And it only carried 6.6 million passengers during 2020 and 21, a reduction of 88%.

“The COVID-19 pandemic continues to take a tremendous toll on human lives, communities, economies, and on the aviation and travel industry,” said Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group.

“In 2020-21, Emirates and dnata were hit hard by the drop in demand for international air travel as countries closed their borders and imposed stringent travel restrictions.”

There was some support for Emirates despite the huge loss, however. They received AED 11.3 billion (US$ 3.1 billion) from the Dubai government.

And with travel routes slowly opening up across the world, hopefully the airline can bounce back over the next few years.

The DubaiLAD team can’t wait to get travelling on an Emirates plane!