Emirates airline announced a “significantly reduced” annual loss of $1.1 billion dollars on Friday, five times lower than a year before, as pandemic travel restrictions ease. Losses came in at 3.9 billion dirhams ($1.1 billion) in the 2021-2022 financial year to March, with revenues up 91 percent, as the airline expanded its global capacity and reinstated flights, Emirates said in a statement. The Middle East’s largest carrier said it received a capital injection of $954 million from its owner, the government of Dubai, to help it survive the crisis. “This year, we focussed on restoring our ope…