Tata and Adani are queueing up to take over Anil Ambani’s debt-laden company

Reuters

Emirates airline chief sees return to profit next year

Dubai’s Emirates expects to significantly reduce losses in the current financial year and return to profit next year, the airline’s president indicated on Tuesday. “We are in for a good set of results, we haven’t reversed it completely but we have swung it,” Tim Clark told reporters, adding the carrier had been cash-positive since October. In June last year, Emirates got an additional $1.1 billion in state support from Dubai after the coronavirus pandemic hurt long-haul travel and triggered the airline’s first annual loss in more than three decades.