World

Emirates airline chief sees return to profit next year

Dubai’s Emirates expects to significantly reduce losses in the current financial year and return to profit next year, the airline’s president indicated on Tuesday.

For the latest headlines, follow our Google News channel online or via the app.

“We are in for a good set of results, we haven’t reversed it completely but we have swung it,” Tim Clark told reporters, adding the carrier had been cash-positive since October.

“We are forecasting profits next year and hopefully to pay a dividend and repay some of the equity that the government has put into the business,” he added.

The carrier’s financial year runs to end-March.

Read more:

Emirates will continue flights to Russia until owners say not to: Company president

Dubai’s Emirates Airline to resume flights to India at pre-COVID level

Dubai’s Emirates announces daily flights to Israel’s Tel Aviv as ties bolster

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version