{"id":384067,"date":"2020-11-13T11:37:01","date_gmt":"2020-11-13T06:07:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384067"},"modified":"2020-11-13T13:00:05","modified_gmt":"2020-11-13T07:30:05","slug":"emirates-group-posts-usd-3-8-billion-loss-after-covid-19-sunk-air-travel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/emirates-group-posts-usd-3-8-billion-loss-after-covid-19-sunk-air-travel\/","title":{"rendered":"Emirates Group posts USD 3.8 billion loss after Covid-19 sunk air travel"},"content":{"rendered":"<p>Emirates Group, owner of the world\u2019s largest long-haul carrier, slumped to its first loss in more than 30 years after the coronavirus pandemic reduced demand for air travel to a trickle.<\/p>\n<p>The 14.1 billion dirham ($3.8 billion) loss for the state-owned company came alongside a 24% reduction in headcount over the six months through September, Emirates said in a statement on Thursday. Revenue fell 74% as an increase in cargo traffic wasn\u2019t enough to offset the decline of commercial flights.<\/p>\n<p>\u201cWe began our current financial year amid a global lockdown when air-passenger traffic was at a literal standstill,\u201d said Chairman Sheikh Ahmed Bin Saeed Al Maktoum. \u201cWe expect a steep recovery in travel demand once a Covid-19 vaccine is available, and we are readying ourselves to serve that rebound.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Emirates Group, owner of the world\u2019s largest long-haul carrier, slumped to its first loss in more than 30 years after the coronavirus pandemic reduced demand for air travel to a trickle. The 14.1 billion dirham ($3.8 billion) loss for the state-owned company came alongside a 24% reduction in headcount over the six months through September, Emirates said in a statement on Thursday. Revenue fell 74% as an increase in cargo traffic wasn\u2019t enough to offset the decline of commercial flights. \u201cWe began our current financial year amid a global lockdown when air-passenger traffic was at a literal standstill,\u201d said Chairman [&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":[184,141,130],"tags":[],"class_list":["post-384067","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-hindustantimes","category-hindustantimes","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384067","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=384067"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384067\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}