TagsAnnual Report

Emirates Group records annual loss of $6 billion due to COVID-19 pandemic impact, its first non-profitable year in over three decades

The Emirates Group announced its first year of loss in over 30 years caused by a significant drop in revenue, fully attributed to the impact of COVID-19 related flight and travel restrictions throughout its entire financial year 2020-21. Released in its 2020-21 Annual Report, the Emirates Group posted a loss of AED 22.1 billion (US$ […]