Trending in June

GLOBAL AVIATION NEWS

Emirates posts first loss in 30 years

Dubai-based Emirates airline has posted a $5.5 billion annual loss, its first in more than three decades, after the coronavirus pandemic devastated the aviation industry. The carrier said it received a capital injection of $3.1 billion from its owner, the government of Dubai, to help it survive the crisis. The Emirates group was "hit hard by the drop in demand for international air travel as countries closed their borders and imposed stringent travel restrictions", said Chairman and Chief Executive, Sheikh Ahmed bin Saeed Al Maktoum. "No one knows when the pandemic will be over, but we know recovery will be patchy", he said in a statement. The Middle East's largest carrier said that the fallout triggered a loss of 20.3 billion dirhams ($5.5 billion) over the financial year to March, after last year's 1.1 billion dirhams ($288 million) profit. The airline, which was forced to temporarily suspend scheduled operations last year, saw revenue fall 66% to $8.4 billion. Over the fiscal year Emirates carried 6.6 million passengers, down 88% from the same period in the previous year. "The Covid-19 pandemic continues to take a tremendous toll on human lives, communities, economies, and on the aviation and travel industry", Sheikh Ahmed said. "Economies and companies that entered pandemic times in a strong position, will be better placed to bounce back", he added. The last time the airline reported a loss was in the 1987-88 financial year, when it was starting up its operations. Like other major carriers, Emirates began announcing heavy layoffs when its fleet of A380 superjumbos and Boeing 777s was grounded. The Emirates Group's employee base - which includes ground-handling firm Dnata - was slashed by 30.8% to 75.145 employees. Before the virus hit, Emirates airline alone employed some 60.033 staff, including 4.300 pilots and nearly 22.000 cabin crew. The workforce has now shrunk to 40.801 staff. Emirates is currently flying to 157 destinations, almost its full travel network of 158 destinations in 85 countries before the pandemic.
Source: France 24

Trending in June

The ten most read articles on EX-YU Aviation News throughout June according to accumulated statistics:

1. American Airlines touches down in Dubrovnik

2. Adria files EU complaint against Air Serbia

3. Ryanair plans further growth in Croatia

4. Eurowings readies for EX-YU expansion
5. Adria in discussions over new strategic partner

6. Slovenia devises Adria contingency plans

7. Air Serbia completes Croatia expansion

8. Air Serbia registers growth on US flights

9. Air Serbia's new routes key to future expansion

10. New York - Zagreb flights to launch in summer 2020

The three most read trip reports in June:

1. Qatar Airways: Belgrade - Doha
2. Croatia Airlines: Dubrovnik - Zagreb
3. Atlasglobal: Istanbul - Belgrade

The most popular vintage photo published in June (and of all time):

JAT DC-10 leased from Finnair at JFK Airport, 1987

The most visitors by country:

1. Serbia

2. Slovenia

3. Croatia

4. United States

5. United Kingdom

6. Germany

7. Bulgaria

8. Bosnia and Herzegovina

9. Macedonia

10. Canada

Comments

Anonymous09:20
Maybe it's time to considering adding Bulgaria to the newsfeed, seems there is a lot of interest from there.
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Anonymous13:18
I've been suggesting long time ago this should be a Balkan site and not Ex-Yu which no longer exists.
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