Emirates Group has just reported its results for the first half of the financial year (April 1 through October 30, 2020).
Continue reading: Ouch: Emirates Reports Record $3.4 Billion Loss
Share your questions, experiences, and thoughts below.
Emirates also significantly reduced fuel surcharges for skywards award flights back in May. Yes that's good for us but that's also 'lost' revenue to the airline that's already bleeding as shown by this $3.4 billion loss.
These losses are not good. But if there’s any airline that will do better than having losses it’s Emirates.
“Oh we lost 4B?”
Dubai government: “here’s some more money, no worries!!”
All fixed. Lol.
Lucky, I think you mean "April 1 through September 30, 2020", otherwise you'd have a 7-month first half.
As opposed to the US government pumping $25 billion (so far) into US airlines?
Dubai’s subsidy seems pretty modest in comparison.
Though the US has always been a world leader at corporate socialism.
It would be interesting to know which routes have decent load factors at this stage of the pandemic.
@the nice guy.
The US government did not gave money to airlinea directly. It was to cover employees payroll. Either that, or you have had people furloughed back in March claiming 600 usd a week plus state unemployment, which was actually more expensive.
Make the numbers. If you are good at it.
@Erick
Funny how when the US govt provides subsidy to corporations it’s all above board, and it’s only those damn furriners which are cheating by handing over tax-payer cash...
Sauce... goose... gander?
@Ericka well said.. actually it was cheaper this way. As per @the nice paul A clear case of Corporate Socialism. He is learning in the UK
what's sauce for the goose is sauce for the gander.
@Lionel PUNDYK
At the risk of over-egging this, you’re simply muddying the waters.
At issue is whether or not strong and manly capitalist corporations should stand on their own two feet, bravely competing in the free market.
Sharon was criticising Emirates for taking government cash, implying it was some sort of evil communist operation unfairly fighting against the noble and pure US airlines.
You’ve ignored all that, and started banging on about what form of state subsidy might or might not be cheaper for government. You may be right. But you’re also accepting what Sharon seems to object to — state-subsidised corporations interfering in the purity of the free market.
My view is that there is not much evidence of a pure free market in aviation: just masses of hidden and not-so-hidden subsidies everywhere you look. Criticising the ME3 in isolation for state support is just evidence of jingoism.