Published On: Thu, Nov 12th, 2020

Emirates Group announces half-year performance for 2020-21

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The Emirates Group today announced its half-year results for its 2020-21 financial year. Some of the key highlights from the announcement are mentioned below:

  • Group: Revenue down 74% to AED 13.7 billion (US$ 3.7 billion), and loss of AED 14.1 billion (US$ 3.8 billion) after last year’s profit of AED 1.2 billion (US$ 320 million). Results significantly impacted by unprecedented flight and travel restrictions worldwide due to the COVID-19 pandemic.
  • Emirates: Revenue down 75% to AED 11.7 billion (US$ 3.2 billion), and loss of AED 12.6 billion (US$ 3.4 billion) after a half-year profit of AED 862 million (US$ 235 million) for the same period last year. Revenue mainly supported by strong cargo business.
  • dnata: Revenue down 67% to AED 2.4 billion (US$ 644 million), loss of AED 1.5 billion (US$ 396 million) after last year’s profit of AED 311 million (US$ 85 million), reflecting the impact of COVID-19 across all dnata business units globally. The loss includes impairment charges of AED 689 million (US$ 188 million).
  • During the first six months of 2020-21, Emirates retired 3 older aircraft from its fleet as part of its long-standing strategy to improve overall efficiency, minimize its emissions footprint, and provide high-quality customer experiences.
  • Emirates carried 1.5 million passengers between 1 April and 30 September 2020, down 95% from the same period last year. Emirates was able to uplift 65% of its cargo volumes compared to the same period last year, which shows its cargo division’s outstanding agility in adapting its operations to provide air freight services in this new environment

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