The Dubai government has injected AED 7.3 billion ($2 billion) into Emirates so far this year to help the airline in the coronavirus crisis, according to a media report.
Reuters, citing the main points drawn from a bonus prospect, reported that the cash had been transferred to the airline since March.Emirates is a component of Dubai’s economy, attracting tourists and business travelers and supports the city-state’s position as a regional grocery shopping center..
However, the airline severely affected by the coronavirus pandemic and the run-in the run-off of its fleet maximum in reaction to the fitness crisis, Emirates suspended all passenger flights on 25 March.
On April 6, some limited ones resumed and since then the airline has gradually expanded its route network.Lately it serves about 83 destinations, according to its website, but does not plan to resume its 157 pre-block destinations until next summer.
Last March, Dubai’s crown prince, Sheikh Hamdan bin Mohammed Al Maktoum, said the city government was fully committed to helping the airline and would inject capital into the company.the main points would be announced at a later date, there have been no official aid announcements since.
At its recent circular performance, covering the 12 months leading up to 31 March this year, Emirates made a profit of 1.1 billion euros, up 21% from last year, despite the number of passengers falling to 4% year-on-year to just over 56 million.
If your delight in the pandemic is similar to that of nearby rivals like Etihad and Turkish Airlines, you may have noticed that the number of passengers plummeted by 99% at the worst time of the pandemic.
One of the critical problems facing airlines is how to convince passengers that it is safe for them to fly again, especially at a time when sudden adjustments to official rules would possibly leave passengers facing weeks of unplanned self-isolation after their flight.
Emirates had a fleet of about 270 aircraft and nearly 60,000 workers at the end of March.Recently, she asked some workers to take unpaid voluntary leave to keep their money.
Dominic Dudley is a freelance journalist with nearly two decades of experience in business, economic and political reporting in the Middle East, Africa, Asia and
Dominic Dudley is a freelance journalist with nearly two decades of experience in information on business, economics and politics in the Middle East, Africa, Asia and Europe.