{"id":383971,"date":"2020-11-13T09:16:07","date_gmt":"2020-11-13T03:46:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383971"},"modified":"2020-11-13T10:45:06","modified_gmt":"2020-11-13T05:15:06","slug":"emirates-airline-posts-first-loss-in-more-than-30-years","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/emirates-airline-posts-first-loss-in-more-than-30-years\/","title":{"rendered":"Emirates airline posts first loss in more than 30 years"},"content":{"rendered":"<p>Dubai-based Emirates airline on Thursday posted its first loss in more than three decades, saying it had been badly hit by the coronavirus lockdown that brought air transport to &#8220;a literal standstill&#8221;. <\/p>\n<p>The Middle East&#8217;s largest carrier said it suffered a $3.4 billion loss in the six months to September, forcing it to slash its workforce.<\/p>\n<p>&#8220;In this unprecedented situation for the aviation and travel industry, the Emirates Group recorded a half-year loss for the first time in over 30 years,&#8221; the airline&#8217;s chairman and chief executive, Sheikh Ahmed bin Saeed Al Maktoum said in a statement.<\/p>\n<p>&#8220;No one can predict the future, but we expect a steep recovery in travel demand once a Covid-19 vaccine is available, and we are readying ourselves to serve that rebound.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai-based Emirates airline on Thursday posted its first loss in more than three decades, saying it had been badly hit by the coronavirus lockdown that brought air transport to &#8220;a literal standstill&#8221;. The Middle East&#8217;s largest carrier said it suffered a $3.4 billion loss in the six months to September, forcing it to slash its workforce. &#8220;In this unprecedented situation for the aviation and travel industry, the Emirates Group recorded a half-year loss for the first time in over 30 years,&#8221; the airline&#8217;s chairman and chief executive, Sheikh Ahmed bin Saeed Al Maktoum said in a statement. &#8220;No one can [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-383971","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=383971"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383971\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}