Money

Emirates posts biggest loss in three decades

Published

3 years ago

June 15, 2021

Anthony Lucas

Emirates has recorded its biggest yearly loss in three decades.

In a tweet the Emirates group announced it lost $6 billion USD for the 2020/2021 past year.

The airline blamed the worldwide travel restrictions as the main driver of the slump.

The group’s revenue was $9.7billion USD, a decline of 66 percent over last years results.

Emirates revealed their current cash balance is now at $5.4 billion USD which is down 23 percent from last year mainly due to the weak demand in air travel caused by multiple pandemic-related lockdowns.

The Emirates Group has announced its financial results for 2020-21, its first non-profitable year in over three decades, due to the COVID-19 pandemic impact. https://t.co/pAhEZKK3hi pic.twitter.com/pRE7NmTcxB
— Emirates Airline (@emirates) June 15, 2021

Emirates also confirmed in a statement that they did receive a capital injection of $3.1 billion USD from the Dubai Government who is the ultimate shareholder of the Middle Eastern Carrier.

Emirates plans to swap Boeing 777X for Dreamliner

Money

Unpacking crypto ‘prop trading’

Published

7 hours ago

May 4, 2024

ticker NEWS

What is crypto proprietary trading and how can it benefit you?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto Calls, Cheyne Kupfer.

In this episode, Cheyne sits down with Growth Partner at Crypto Calls, Jack Birkinshaw to talk all things prop trading.

Money

The art of technical analysis

Published

1 day ago

May 3, 2024

ticker NEWS

How can we master the art of technical analysis in the crypto space?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto Calls, Cheyne Kupfer.

In this episode, Cheyne unpacks technical analysis and how it can up your crypto game.

Money

Crypto: the benefits of government regulation

Published

1 day ago

May 3, 2024

ticker NEWS

How can government regulation lead to greater trust and interest in cryptocurrency?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto Calls, Cheyne Kupfer.

In this episode, Cheyne discusses the benefit of increasing government regulation in crypto.