Loyal Lovin readers can support Lovin so we can continue to share the stories of all amazing cities
Minimum custom amount to enter is AED 2
By donating, you agree to the Privacy Policy and Terms of Service
No Bonus This Year For Emirates Staff As Annual Profits Have Slumped By 69%
Despite revenue and size of the workforce increasing, a 69% dip in Emirates Airline’s profits for the financial year 2018-2019 means employees will not receive a bonus.
Reports reveal the decision to withhold the bonus is due to a ‘difficult year’ for the Dubai airline.
Profits dropped by 69% to AED871million for financial year end March 2019 in comparison to the AED4.1billion profit reported at year end 2018. This loss is attributed to higher oil prices, meaning a higher fuel bill, the strengthening of the US dollar and a drop in travel numbers.
However it was also reported, revenue increased by 6% to reach AED97.9million and the workforce increased by 2%.
Recommended
A Dubai Restaurant Is Charging AED 1,000 For Pineapple Pizza As A Statement Against It
A Woman Had 90kg Of The Viral Dubai Chocolate Seized At A German Airport
9 Changes To Expect In The UAE In 2025“2018-19 has been tough, and our performance was not as strong as we would have liked”
Sheikh Ahmed bin Saeed Al Maktoum, chairman and CEO of Emirates Airline and Group, made a statement regarding the figures on Thursday.
Newsletter
Lovin Dubai Newsletter 