Emirates loses more than $5 billion in 2020

The Dubai-based airline's financial struggles amid the coronavirus pandemic has led to job cuts and a massive cash injection from the government.
Boxes of coronavirus vaccines are stacked on the tarmac after the first batch arrived at Khartoum airport on an Emirates flight, Sudan, March 3, 2121.
Boxes of coronavirus vaccines are stacked on the tarmac after the first batch arrived at Khartoum airport on an Emirates flight, Sudan, March 3, 2121. - Ashraf Shazly/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Emirates reported massive revenue losses for 2020 on Tuesday.

The Dubai-based airline recorded an annual loss of $5.5 billion. The revenue in 2020 fell 66% to $8.4 billion from more than $25 billion in 2019. The year before, Emirates turned a profit of $288 million, according to a press release.

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