EMIRATES AIRLINE TO PAY NO STAFF BONUSES, AS PROFITS FALL 69%

The airline's chairman said 2018-19 had been a 'tough' year, with rising oil prices resulting in its biggest-ever fuel bill

Dubai’s Emirates airline, which last week reported a 69 percent year-on-year decline in profit for the financial year ended March 31, 2019, will not be paying a staff bonus this year.

While the carrier saw revenue increase by 6 percent to AED97.9 billion ($26.7 billion) during the financial year, profits declined 69 percent year-on-year to AED871 million.

“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, said in a press statement issued on Thursday.

An Emirates spokesperson confirmed that a staff bonus would not be paid this year to the airline’s 60,282 employees.

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