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Emirates Posts $1.6 Billion Loss in H1 2021

Eunniah MbabazibyEunniah Mbabazi
November 10, 2021
in Aviation, Global News
Reading Time: 2 mins read
Emirates Posts $1.6 Billion Loss in H1 2021

Emirates Group, owner of the world’s largest long-haul airline prior to the global COVID-19 pandemic, has posted a $1.6 billion loss in H1 2021. This compares to $3.4 billion loss during the same period last year.

Despite the loss, revenue was up 86% to $5.9 billion.

The state-owned company received a capital injection of $681 million in the first half from its owner, the government of Dubai. It had also received $3.1 billion in support from the government in the financial year ended March.

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In Q3 2021, the Group reported a $6 billion loss, citing the adverse impact of the global COVID-19 pandemic. A first in over 30 years, the loss was a drop from the KSh49 billion profit the Group registered last year.

Emirates is a state-owned airline based in Garhoud, Dubai, United Arab Emirates. It is a subsidiary of The Emirates Group. It is also the largest airline in the Middle East and the world’s fourth-largest airline by scheduled revenue passenger-kilometres flown.

See Also:

Boeing Posts $109 Million Loss in Q3 2021


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