DUBAI: Over 5 billion dirhams ($1.4 billion) have been provided by Emirates airline in refunds related to the latest coronavirus crisis, it said on Monday.
As with other airlines, the Dubai-based carrier, which has been handling more than 1.4 million refunds since March, faced a cash crunch.
This year, the pandemic disrupted global aviation, causing Emirates to briefly ground much of its aircraft.
It now operates a small number of flights on a restricted network, which started to be restored progressively from June.
Emirates, which has slashed jobs and wages as it seeks to handle the effects of the crisis, said in July it had reimbursed more than $517 million in the last two months.
According to a bond prospectus seen by Reuters, the Dubai government has pumped 7.3 billion dirhams ($2 billion) into Emirates to help the airline it owns outlive the crisis.