The deficit for the fiscal year ended March 31, came in at 22.1 billion dirhams (US$6bil or RM24.7bil), while revenue dropped 66% to 35.6 billion dirhams (RM40bil), the airline said. The state-owned company received a capital injection of 11.3 billion dirhams (RM12.6bil). (File pic shows some of the grounded Emirates aircraft.)
DUBAI: Emirates Group was propped up by the Dubai government with a US$3.1bil (RM12.8bil) in cash infusion after a collapse in long-haul travel, the airline’s main business, led to its first loss in decades.
The deficit for the fiscal year ended March 31, came in at 22.1 billion dirhams (US$6bil or RM24.7bil), while revenue dropped 66% to 35.6 billion dirhams (RM40bil), the airline said.
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