{"id":420692,"date":"2021-06-16T10:29:08","date_gmt":"2021-06-16T04:59:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420692"},"modified":"2021-06-16T11:22:07","modified_gmt":"2021-06-16T05:52:07","slug":"emirates-air-posts-5-5-billion-loss-as-virus-disrupts-travel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/emirates-air-posts-5-5-billion-loss-as-virus-disrupts-travel\/","title":{"rendered":"Emirates Air posts $5.5 billion loss as virus disrupts travel"},"content":{"rendered":"<p>The Middle East\u2019s largest airline, Emirates, announced on Tuesday a net loss of $5.5 billion over the past year as revenue fell by more than 66% due to global travel restrictions sparked by the coronavirus pandemic.<\/p>\n<p>It marks the first time in more than three decades that the Dubai-based airline\u2019s parent group has not churned out a profit, underscoring just how dramatic an impact COVID-19 has had on the aviation industry.<\/p>\n<p>The Dubai-based airline said revenue had declined by $8.4 billion, even as operating costs decreased by 46%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Middle East\u2019s largest airline, Emirates, announced on Tuesday a net loss of $5.5 billion over the past year as revenue fell by more than 66% due to global travel restrictions sparked by the coronavirus pandemic. It marks the first time in more than three decades that the Dubai-based airline\u2019s parent group has not churned out a profit, underscoring just how dramatic an impact COVID-19 has had on the aviation industry. The Dubai-based airline said revenue had declined by $8.4 billion, even as operating costs decreased by 46%.<\/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":[130],"tags":[],"class_list":["post-420692","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420692","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=420692"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420692\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}