AIRLINK 60.70 Increased By ▲ 1.00 (1.68%)
BOP 6.31 Increased By ▲ 0.05 (0.8%)
CNERGY 4.29 Increased By ▲ 0.02 (0.47%)
DFML 15.85 Increased By ▲ 0.15 (0.96%)
DGKC 69.10 Decreased By ▼ -0.10 (-0.14%)
FCCL 18.20 Decreased By ▼ -0.15 (-0.82%)
FFBL 26.89 Increased By ▲ 0.14 (0.52%)
FFL 9.10 Decreased By ▼ -0.18 (-1.94%)
GGL 10.15 Decreased By ▼ -0.15 (-1.46%)
HBL 116.70 Increased By ▲ 0.80 (0.69%)
HUBC 114.69 Increased By ▲ 0.29 (0.25%)
HUMNL 6.69 Decreased By ▼ -0.11 (-1.62%)
KEL 4.90 Increased By ▲ 0.01 (0.2%)
KOSM 4.78 Increased By ▲ 0.13 (2.8%)
MLCF 38.38 Decreased By ▼ -0.01 (-0.03%)
OGDC 124.47 Decreased By ▼ -0.83 (-0.66%)
PAEL 21.84 Increased By ▲ 0.28 (1.3%)
PIAA 10.91 Increased By ▲ 0.04 (0.37%)
PIBTL 5.85 Decreased By ▼ -0.17 (-2.82%)
PPL 113.20 Decreased By ▼ -0.90 (-0.79%)
PRL 28.25 Increased By ▲ 0.35 (1.25%)
PTC 10.89 Decreased By ▼ -0.01 (-0.09%)
SEARL 50.65 Decreased By ▼ -1.05 (-2.03%)
SNGP 67.45 Decreased By ▼ -0.81 (-1.19%)
SSGC 11.27 Decreased By ▼ -0.15 (-1.31%)
TELE 7.73 Decreased By ▼ -0.07 (-0.9%)
TPLP 11.45 Decreased By ▼ -0.15 (-1.29%)
TRG 73.08 Increased By ▲ 0.21 (0.29%)
UNITY 23.30 Decreased By ▼ -0.25 (-1.06%)
WTL 1.29 Decreased By ▼ -0.01 (-0.77%)
BR100 6,691 Increased By 42.6 (0.64%)
BR30 22,542 Decreased By -27.5 (-0.12%)
KSE100 65,053 Increased By 474.5 (0.73%)
KSE30 22,077 Increased By 187.5 (0.86%)

DUBAI: Emirates airline posted a $1.6 billion loss in the first half of the financial year, the Dubai-based carrier said Wednesday, as it remains in the red due to the Covid pandemic.

However, revenue was up 86 percent to $5.9 billion and the loss compares to $3.4 billion during the same period last year, the company said in a statement.

"Across the group, we saw operations and demand pick up as countries started to ease travel restrictions," CEO Sheikh Ahmed bin Saeed Al Maktoum said.

Emirates to hold talks with Boeing at Dubai Airshow over 777X delays

"This momentum accelerated over the summer and continues to grow steadily into the winter season and beyond.

Emirates to launch daily Dubai-Tel Aviv flights

"While there's still some way to go before we restore our operations to pre-pandemic levels and return to profitability, we are well on the recovery path," he added.

In June Emirates, the biggest airline in the Middle East, announced its first annual loss in more than three decades after the pandemic threw the aviation industry into crisis.

The carrier said then that it had received a capital injection of $3.1 billion from its owner, the government of Dubai, to help it survive the crisis.

Comments

Comments are closed.