UAE's flydubai reports $194 mln loss for 2020
United Arab Emirates carrier flydubai swung to a loss of 712.6m dirhams ($194m) last year, hit by a plunge in passenger traffic as a result of the coronavirus pandemic, it said on Sunday. The loss compared with a 198.2m dirham profit in 2019, when the airline reached a compensation deal with Boeing. Revenue contracted 53.7% to 2.8b dirhams. Flydubai said the pandemic had impacted the airline more than any other crisis, with passenger traffic falling 67% to 3.2m in 2020 while the number of flights it operated fell 63% to 27,450. Flydubai, which lacks a domestic market to cushion against international closures imposed because of the pandemic, said 1,092 employees had taken unpaid leave or were on voluntary leave - about 29% of its current workforce of 3,796 staff. It said 126 employees had left the company.<br/>
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UAE's flydubai reports $194 mln loss for 2020
United Arab Emirates carrier flydubai swung to a loss of 712.6m dirhams ($194m) last year, hit by a plunge in passenger traffic as a result of the coronavirus pandemic, it said on Sunday. The loss compared with a 198.2m dirham profit in 2019, when the airline reached a compensation deal with Boeing. Revenue contracted 53.7% to 2.8b dirhams. Flydubai said the pandemic had impacted the airline more than any other crisis, with passenger traffic falling 67% to 3.2m in 2020 while the number of flights it operated fell 63% to 27,450. Flydubai, which lacks a domestic market to cushion against international closures imposed because of the pandemic, said 1,092 employees had taken unpaid leave or were on voluntary leave - about 29% of its current workforce of 3,796 staff. It said 126 employees had left the company.<br/>
