Vladex wrote:CALMSP wrote:Vladex wrote:It must be for expansion , maybe to restart A380 production. EK hasn't really lost money and is losing minimal amounts now, in fact they restarted some flights.
define minimal amounts. There is no way that EK is different from other airlines that are losing millions every day.
It's widely known that among others Etihad , Qatar and Cathay in the last year have lost lots of money. On the other hand US3 will be losing lots of money because of their 10 hubs each slow shutdown and very painful restart. EK is obviously different and they were flying almost normally and then had instant shutdown. Also their brand is way above others and the few passengers will be looking for something reliable when they do restart.
Holds no valid point to explain that EK is still profitable or barely losing money. I highly doubt its still profitable, since international travel is the hardest hit at the moment. EK is completely international, meaning they are at a greater risk than other airlines. If I recall correctly, EK was barely making a profit the quarter before COVID-19 really hit. Everything, including the bailout and loans, points to EK bleeding a lot of money at the moment.