Coronavirus Hits Emirates Earnings as Airline Warns of Depressed Travel for at Least 18 Months

Emirates Group's results demonstrate the impact of the new coronavirus on Persian Gulf airlines, and signal the wallop still awaiting the region’s economies

Dubai-based Emirates Group, which includes the region’s biggest long-haul airline and airport handler Dnata, said annual net profit to March 31 fell 28% to $456

million as revenue dipped 5% to $28.3 billion, weighed down by global travel restrictions in the first three months of the year. The results demonstrate the impact of the...

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