Emirates loses more than $5 billion in 2020
The Dubai-based airline's financial struggles amid the coronavirus pandemic has led to job cuts and a massive cash injection from the government.
Emirates reported massive revenue losses for 2020 on Tuesday.
The Dubai-based airline recorded an annual loss of $5.5 billion. The revenue in 2020 fell 66% to $8.4 billion from more than $25 billion in 2019. The year before, Emirates turned a profit of $288 million, according to a press release.
