Emirates Airline has just revealed its results for the 2020-2021 financial year. As you’d expect, it was a very rough year, given coronavirus, and the accompanying travel restrictions.
Continue reading: Emirates Reports Record $5.5 Billion Loss
Share your questions, experiences, and thoughts below.
Since Emirates route network is all international, I wonder how its $5.5 billion loss compares with other airlines like Qatar Airways and Singapore Airlines for the 2020-2021 financial year.
They’re funded by the government. Think of it as technically being run by H. H. Sheikh Maktoum itself (and trust me they have bucketloads of cash) - they’ll never close down. Period.
There will be consolidation involving the ME3. I could see Etihad and Emirates become one, and QR might be more adventurous with a transformational alignment with BA, should it exit IAG. The route maps and super-connector model won't work as well in the post-pandemic world and will need to be tweaked.
Singapore Airlines performed marginally better though the loss is still at 4.3 billion. Expect QR to be worse.
A380 need get back into Sky. Any loss may recovery by allowing passengers free rebook their tickets to reach there destination. World destination to be starting with offer. If you do this system and other people will hear from each other that this airlines allowing free book. Still many people has never been used Emirates in the past. Real flyer will fly with these airlines. I am sure many people would like to fly with offer. When start with affordable offer most people won't step back. Many people's are waiting to Quarantine & isolation need to be remove in both directions.
Corona Virus is not going anywhere. These virus will stay for sometime with us. This virus to get settled also it will take time . Airlines company should avoid going to highly infected countries such as India. Also infected people not allowed to boarding on the aircraft.
Qatar continued to operate during the pandemic for repatriation flights. They also didn't charge as much for tickets as they normally do (atleast in the markets I travel) so they will likely have an even bigger loss
The airline industry will never be able to escape this timeless joke:
Q: How do you make a small fortune in aviation?
A: Start with a large fortune.