Emirates Group records USD1B shortfall for economic year | MENAFN.COM

Sunday, 14 August 2022 12:34 GMT

Emirates Group records USD1B shortfall for economic year


(MENAFN) as shown by its financial results Dubai-based worldwide flying firm The Emirates Group recorded a shortfall of USD1 billion for the economic year that ended on March 31, 2022.

The number showed a regain from a USD6 billion loss in 2021, when the worldwide flying business was still facing issued due to the COVID-19 epidemic and oil costs started to rise.

Emirates Airline Group Chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum stated in an announcement released on Friday that, "This year, we focused on restoring our operations quickly and safely wherever pandemic-related restrictions eased across our markets."

Sheikh Ahmed bin Saeed Al Maktoum also stated that "The health and safety of our people and customers remained a key priority as the world navigated its second full year of the pandemic."

The group's income stood at USD18.1 billion for the economic year, an upsurge of 86 percent in comparison to 2021.

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