Chairman of the Dubai-based Emirates Fly has projected it will take at least 18 months for the travel demands returns to a semblance of normality, Arabia Business reports.
Sheikh Ahmed bin Saeed Al-Maktoum issued the warning amid the airline’s report that generated AED1.1billion ($288 million) in net profit for the financial year ending March, up from $237m the previous year.
Like around the world, the UAE has grounded all its airlines as part of measures to curb the spread of novel covid-19 pandemic.
The pandemic affected Emirates’ February and March operations slowing down therefore the strong performance in the first 11 months of the fiscal year.
The positive performance is the 32nd straight year profit for the airline. The report says 56 million passengers travelled with the Middle East largest carrier which operates a fleet of 115 Airbus A-380 superjumbos and 155 Boeing-777 airliners.
Emirates Chairman forecasts aviation industry recovery after 18 months
