Emirates Airlines revenues rise
Like other regional carriers, Dubai’s preeminent airline has suffered financially throughout the COVID-19 pandemic.
Emirates announced an increase in revenue today, though the Dubai-based airline still sustained a loss for the first half of its fiscal year.
Emirates reported $5.9 billion in revenue for the first half of its fiscal year, an 86 percent increase over last year's figure of $3.2 billion at the same time. The airline’s overall loss for the first half was $1.6 billion, which was less than the $3.4 billion loss last year, according to a statement from Emirates.
Emirates’ fiscal year runs from Apr. 1 to Mar. 31, an airline spokesman told Al-Monitor. The half year point is in September.
Like other airlines in the Gulf and the Middle East, Emirates has suffered financially throughout the COVID-19 pandemic. It sustained a $5.5 billion loss in 2020. The carrier completely suspended passenger flights in March of 2020 at the start of the pandemic and resumed a limited number of routes the following May.
