The state-owned airline, which reported on Sunday a 21% rise in profit for its financial year that ended on March 31, said it would tap banks to raise debt in its first quarter to lessen the impact of the virus outbreak.
DUBAI: Emirates, one of the world’s biggest long-haul airlines, will raise debt to help it through the coronavirus pandemic that has shattered global travel demand, warning that a recovery in travel demand was at least 18 months away.
The state-owned airline, which reported on Sunday a 21% rise in profit for its financial year that ended on March 31, said it would tap banks to raise debt in its first quarter to lessen the impact of the virus outbreak.
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