Emirates turns to Dubai to see it through crisis after Sh371.3 billion loss

State-owned Emirates said on Thursday that Dubai would help it through the coronavirus crisis after losses of USD3.4 billion (Sh371.3b) tipped the airline’s holding company into its first half-year loss in more than thirty years.

A general view of an Emirates Airlines' Boeing 777-300ER aircraft being modified to provide additional cargo capacity with seats removed from the economy class cabin, following the outbreak of the coronavirus disease (COVID-19), in Dubai, United Arab Emirates in this undated picture obtained June 25, 2020. [Reuters]

Emirates said global travel restrictions meant revenue dropped by 75 per cent to USD3.2 billion as passenger traffic fell by 95 per cent to 1.5 million in the six months to the end of September.