{"id":420787,"date":"2021-06-16T11:12:51","date_gmt":"2021-06-16T05:42:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420787"},"modified":"2021-06-16T12:56:13","modified_gmt":"2021-06-16T07:26:13","slug":"emirates-airline-posts-5-5-billion-loss-as-coronavirus-disrupts-travel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/emirates-airline-posts-5-5-billion-loss-as-coronavirus-disrupts-travel\/","title":{"rendered":"Emirates airline posts $5.5 billion loss as coronavirus disrupts travel"},"content":{"rendered":"<p>DUBAI: The Middle East&#8217;s 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>The Dubai-based airline said revenue had declined by $8.4 billion, largely due to the suspension of passenger flights at its hub in March 2020 and ongoing restrictions on travel. <\/p>\n<p>Emirates Group, which also operates dnata ground services at airports, reported a total loss of $6 billion, the first time ever it does not post a profit in more than three decades, the company said. <\/p>\n<p>Dubai&#8217;s government has stepped in to assist Emirates financially.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DUBAI: The Middle East&#8217;s 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. The Dubai-based airline said revenue had declined by $8.4 billion, largely due to the suspension of passenger flights at its hub in March 2020 and ongoing restrictions on travel. Emirates Group, which also operates dnata ground services at airports, reported a total loss of $6 billion, the first time ever it does not post a profit in more than three decades, the company [&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":[220,130,137],"tags":[],"class_list":["post-420787","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420787","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=420787"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420787\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}