DUBAI — Emirates said Dubai’s government would continue to support the airline through the coronavirus pandemic after posting an annual loss of $5.5 billion, its first in more than three decades.
The airline’s chairman Sheikh Ahmed bin Saeed Al Maktoum said on Tuesday that the recovery from the COVID-19 crisis would be patchy and that no one could predict when it would end.
Dubai’s government had injected an extra $1.1 billion into the airline since disclosing a $2 billion lifeline last year, Emirates said in its annual report for the year to March 31.
State-owned Emirates is not the only national carrier to get government help during…
Keep on reading: Pandemic drags Emirates to $5.5 billion loss, its first in 33 years