Emirates Airline, stung by soaring fuel prices, posts $1.1 billion dollar loss

Emirates Airline, stung by soaring fuel prices, posts $1.1 billion dollar loss

- Dubai's Emirates Airline posted a loss of $1.1 billion in the year through March, up from a $5.5 billion loss the previous year. - The airline has resumed flights to 140 destinations, but the surge in fuel prices continues to challenge the pandemic-battered aviation sector. - Emirates said fuel accounted for 23% of operating costs over the year, compared to just 14% in 2020-21. Dubai's Emirates Airline narrowed its losses to $1.1 billion in the year to March, even as soaring jet fuel costs threaten to overshadow a recovery in travel demand. The world's largest long haul carrier said revenue jumped 91% to $16.1 billion dollars, as travel lockdowns eased and the airline added capacity. Emirates posted a $5.5 billion loss in the previous year. "2021-22 was largely about …
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