• Instagram
  • LinkedIn
  • WhatsApp
  • Twitter
  • English English English en
  • Deutsch Deutsch German de
  • Русский Русский Russian ru
☎ +989356270002
Best Iran Tours & Travel Packages 2023
  • Home
  • Iran Tours
    • Iran tour packages price
    • Iran Culinary and Traditional Music Tour (8 day)
    • Iran Ancient (8 day)
    • Iran People (12 day)
    • Iran Inspiration (14 day)
    • Iran Old Roads (14 day)
    • Taste of Iranian Music (14 day)
    • Iran Black Tents (15 day)
    • Iran Desert and Culture (18 day)
    • Iranian Ziggurat (21 day)
    • Black Church (22 day)
    • Iran Glory (23 day)
    • Iran Nature and Historical Sightseeing (25 day)
  • Adventure Tours
    • Dizin (5 day)
    • Dizin – Kish (7 day)
    • Damavand (9 day)
    • Trekking in North of Iran (12 day)
    • Silkroad on Your Bike (16 day)
  • Services
    • Iran Visa
      • Visa Services
      • Visa for U.S , U.K & Canadian Citizens
    • Iran Hotels
    • Iran Guides
    • Transportation
    • Car Rental
    • MICE Services
    • Tailor Made Itinerary and Services
    • Iran Travel Insurance
    • Domestic Flight Ticket
  • Iran Guidebook
    • Iran
    • Iran Cities
    • Climate
    • Iran Dress Code
    • Persian Cuisine
    • Transport Information
    • Language
    • Iran Currency
    • Iran Map
    • Iran Tourist High Season and Low Season
    • Public Holidays in Iran
    • Learning Farsi
  • Gallery
    • Iran Cities Photos
    • Gashttour Tours Photos
  • Blog
    • Iran Travel Blog
    • Travel News
  • About Us
    • About Gashttour
    • Awards & Certificates
    • CEO Message
    • Our Customers Testimonials
  • Contact Us
  • Search
  • Menu Menu

Emirates Group reports a $6bn annual loss

Emirates Group

The Emirates Group has announced its first annual loss in over 30 years.

The carrier said the losses had been caused by a significant drop in revenue, fully attributed to the impact of Covid-19 and resulting travel restrictions.

The Emirates Group posted a loss of AED22 billion (US$6 billion) for the financial year ended March 31st, compared with an AED1.7 billion (US$456 million) profit for last year.

Revenue was AED35.6 billion (US$9.7 billion), a decline of 66 percent on the previous year.

Ahmed bin Saeed Al Maktoum, chief executive of Emirates Airline and Group, said: “The Covid-19 pandemic continues to take a tremendous toll on human lives, communities, economies, and the aviation and travel industry.

“In 2020-21, Emirates and dnata were hit hard by the drop in demand for international air travel as countries closed their borders and imposed stringent travel restrictions.”

For the first time in the history of the Dubai-based group, redundancies were implemented across all parts of the business.

The total workforce was reduced by 31 percent, to 75,145 employees.

In 2020-21, the group, however, collectively invested AED4.7 billion (US$1.3 billion) in new aircraft and facilities and the acquisition of companies.

Al Maktoum said: “No one knows when the pandemic will be over, but we know recovery will be patchy.

“Economies and companies that entered pandemic times in a strong position, will be better placed to bounce back.”

Emirates received three new A380 aircraft during the financial year and phased out 14 older aircraft comprising of nine Boeing 777-300ERs and five A380s, leaving its total fleet count at 259 at the end of March.

From zero scheduled passenger flights at the start of the financial year, the carrier is currently flying to over 120 destinations.

United Arab Emirates travelers banned from the UK

Search

Recent
  • Wizz AirYerevan – New Wizz Air route at Katowice AirportJanuary 29, 2023 - 5:42 am
  • yatching in DubaiFive reasons why we love yatching in Dubai & you should...January 29, 2023 - 5:15 am
  • onefinestayonefinestay launches long-stay New York offeringJanuary 28, 2023 - 8:57 am
  • Hamad AirportQatar Airways Privilege Club and Qatar Duty-Free Announce...January 28, 2023 - 7:54 am
  • Viva CruisesViva Cruises launches 2023 sailing season with year-round...January 26, 2023 - 6:43 am
  • VeniceVenice’s top ten attractions: the ideal plan for a long...January 25, 2023 - 8:44 am
  • shooting range in KrakowIs a visit to the shooting range in Krakow good entertainment...January 24, 2023 - 5:20 am
  • American road trip guideThe ultimate American road trip guideJanuary 23, 2023 - 10:36 am
  • TobermoryEverything you need to know about Tobermory, Ontario, in...January 22, 2023 - 5:19 am
  • IrelandFive fun things to do when visiting IrelandJanuary 21, 2023 - 5:53 am
  • St. Louis, MissouriNext destination: Places you’ll love when you visit St....January 19, 2023 - 7:22 am
  • CroatiaUseful Croatia travel tips for first-timersJanuary 19, 2023 - 5:48 am
  • Botswana safarisWhere to go for most exciting Botswana safarisJanuary 18, 2023 - 6:14 am
  • LondonTwelve hidden gems in London you must exploreJanuary 18, 2023 - 5:41 am
  • Frankfurt AirportFraport traffic figures 2022: Dynamic growth doubles passenger...January 17, 2023 - 8:39 am
Popular
  • Kashkan BridgeBridges in IranFebruary 2, 2020 - 10:57 am
  • blankIran emerging as the new experiential travel hotspotFebruary 10, 2019 - 7:02 am
  • blankChinese are allowed to visit Iran visa-freeJuly 1, 2019 - 10:31 am
  • blankIran Is Safe, Beautiful and Attracting: Marc WilmotsJuly 2, 2019 - 10:16 am
  • blankVisa-Free Regime for Chinese TouristsJuly 4, 2019 - 7:54 am
  • blankConstruction of Kish Island’s First 7-Star Hotel Unde...July 6, 2019 - 6:28 am
  • Darbe ShazdehRanking of Iran hotelsJuly 8, 2019 - 12:47 pm
  • Iranian ForestUNESCO Adds Iranian Forest To World Heritage ListJuly 9, 2019 - 10:12 am
  • iran is safeUNWTO says to introduce Iran as safe tourism destination;...July 18, 2019 - 9:57 am
  • Traditional HotelAnother traditional hotel start working in IsfahanJuly 23, 2019 - 7:38 am
  • ChabaharForeign Travelers to Chabahar Up 147%July 24, 2019 - 11:33 am
  • iran tourIran Tourism Grows 1.9% to Account for 6.5% of GDPJuly 30, 2019 - 9:42 am
  • Iran's Top HotelsIran’s Top 8 Hotels in 2019: Trip Advisor Travelers’...August 1, 2019 - 8:23 am
  • Visa Hong KongVisa-Free Regime for Hong Kong TouristsAugust 3, 2019 - 10:16 am
  • iran tourIran Ambassador: Iran major destination for foreign tou...August 4, 2019 - 8:14 am
Tags
Black Church Caves of Iran Christianity Culture of Iran Culture Tour Historical places in Iran Iran Attractions Iran cities Iran Desert Iranian Cuisine Iranian food Iran Mountain Iran Tour Iran tourist attractions Iran Travel Islands of Iran Lakes of Iran Provinces of Iran Qara Kelisa Shiraz Travel to Iran UNESCO World Heritage Sites in Iran World Heritage Site

Calendar

January 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Dec    

Instagram

Only visible for admins:

Instagram has returned invalid data.

Follow Me!

Our Partners

blank

Services

Iran Visa
Iran Hotels
Iran Tour Guide
Iran Travel Insurance
Domestic Flight Ticket
Car Rental
MICE services

Iran Cities

Tehran
Shiraz
Isfahan
Yazd
Kerman
Kish
Mashhad

Iran Tours

Iran People  12 day – 11 night
Iran Inspiration 14 day – 13 night
Iran Ancient 8 day – 7 night
Iran Old Roads 14 day – 13 night
Iran Glory 23 day – 22 night
Black Tents 15 day – 14 night
Iran Desert 18 day – 17 night

Contact

blank

© Copyright IT Department Gashttour Travel Agency
  • Instagram
  • LinkedIn
  • WhatsApp
  • Twitter
Mazandaran Province in IranblankCelestyal CruisesCelestyal Cruises returns to operation in the Mediterranean
Scroll to top
  • English