Trending in November

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 November

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

1. Air Serbia registers stable long haul results

2. Ljubljana Airport bears brunt of Adria collapse
3. Belgrade Airport to see A350 arrival

4. FlyBosnia facing internal turmoil

5. Split Airport rejects Croatia Airlines holding

6. Wizz Air grows dominance in Skopje
7. Lufthansa Group starts strong in Ljubljana
8. Swiss to end Zagreb and Sarajevo flights

9. Eurowings to axe two Zagreb routes

10. Five bids for bankrupt Adria Airways

The three most read trip reports in November:

1. Flying Air Serbia's 32-year-old 737
2. Flying two Greek carriers from/to Belgrade
3. Croatia Airlines: Dubrovnik - Munich

The most popular vintage photo published in November:

JAT DC-10 at Sydney Airport, 1979

The most visitors by country:

1. Serbia
2. Slovenia

3. United States

4. Croatia
5. Germany

6. United Kingdom
7. Bosnia and Herzegovina

8. China
9. Macedonia

10. Hong Kong SAR

Comments

Charlie09:04
Big surprise to see China & Hong Kong 8th and 10th on the most visited by country list.
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Anonymous09:14
It is great to see such a variety of news items in the top 10 from various countries :)
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Anonymous21:23
Visitors from Canada recently peaked at number 7 in October after an article on Air Transat looking for more opportunities in Croatia. After that expectation fizzled and Belgrade lost all hope to get Toronro service before 2021, Canadian visitors took flight (pun intended) from Top 10 list. Your work has been cut out for you if you want them back in Top 10.
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Trending in November

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