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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$ […]

American Airlines reports huge loss for third quarter

American Airlines has reported third-quarter revenue of $3.2 billion, down 73 per cent year-over-year on a 59 per cent year-over-year reduction in total available seat miles. The US giant confirmed a pre-tax loss of $3.1 billion for the three-month period. Excluding net special items, the third-quarter pre-tax loss stood at $3.6 billion. “During the third […]