Emirates Gets Government Aid After Pandemic Leads to Huge Loss - Bloomberg

Emirates Gets Government Aid After Pandemic Leads to Huge Loss - Bloomberg

Results

• Emirates airline reported a loss of 20.3 billion dirhams versus 1.1 billion dirhams profit in the previous year
• Dnata, the ground-handling unit, reported a loss of 1.8 billion dirhams versus a 618 million dirhams profit
• One-off impairment charge of 710 million dirhams related to certain grounded aircraft which might not re-enter service before their scheduled retirement within the next financial year
• Load factor declined to 44.3% from 78.5%