Emirates Airline envisions a rebound to its lucrative situation in the coming 2 years. This expectation comes at a time when new airways start and flight industry challenges to go through the pandemic.
Tim Clark, the President of Emirates, in an interview on CNBC said we will get back to profitability in 2022.
Clark continued we will be able to return the markets and gain positive cash.
Only recently, the largest airline announced it has lost an amount of $3.8 billion from January through June, never seen in the last 30 years.
The COVID-19 has to a large extent diminished air travels and as a result, Emirates revenue has reduced 74%, $3.7 billon.