Emirates Airlines said that it has taken several measures to maintain its cash flow through measures to control costs, reduce non-urgent financial expenditures, and work in cooperation with partners to develop the work environment. It has also partially suspended some existing credit lines before March 31, and is currently working to secure additional lines to further enhance liquidity.
The carrier said that it had succeeded in the fourth quarter of the fiscal year 2019/2020 in raising additional liquidity through loans, credits and short-term commercial facilities by about 4.4 billion dirhams and will continue to use the banks to collect additional liquidity in the first quarter of the current fiscal year 2020/20 to provide an umbrella It is safe against the effects of Covid-19 on its short-term financial flows.
She indicated that she concluded her fiscal year with a healthy level in her cash balances, amounting to 20.2 billion dirhams.
During the 2019/209 fiscal year, the Emirates Group invested in total 11.7 billion dirhams to purchase new aircraft and equipment, and own companies, facilities, modern technologies and finance for employee initiatives, retreating from last year's investments which reached a record level of 14.6 billion dirhams.