Emirates posts first loss in three decades as coronavirus slams travel

The company received a capital injection of 11.3 billion dirhams ($3.1 billion) from its owner, the government of Dubai.

Emirates Group, owner of the world’s largest long-haul airline prior to the Covid-19 pandemic, slumped to a 22.1 billion dirhams ($6 billion) loss in the financial year ended March as the virus upended demand for air travel.

The state-owned company received a capital injection of 11.3 billion dirhams ($3.1 billion) from its owner, the government of Dubai. Its dnata unit tapped industry support programs and availed relief of nearly 800 million dirhams, Chairman Sheikh Ahmed Bin Saeed Al Maktoum said.

“Emirates and dnata were hit hard by the drop in demand for international air travel as countries closed their borders