Croatia Airlines to restore Sarajevo, Vienna flights

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

Croatia Airlines to restore Sarajevo, Vienna flights

NEWS FLASH

Croatia Airlines plans to resume operations from Zagreb to both Sarajevo and Vienna in the coming weeks. Both routes were terminated on a temporary basis following the Christmas and New Year holidays. Flights to Sarajevo will be restored on February 28, while Vienna will follow on March 3. Services to Bosnia and Herzegovina’s capital will run twice per week, each Thursday and Sunday, while flights to Vienna will operate once per week, each Wednesday. Both will be maintained with the Dash 8 turboprop aircraft.

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Anonymous10:37
Ambitious.
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Anonymous10:37
That's a good news!
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Anonymous10:51
The dash has proven its worth in this era, and there's plenty of cheap ones out there now for OU to grow the fleet when the recovery slowly begins. Just a thought.
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Slk11:37
Zz is loosing monopoly 😅 well don OU
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Anonymous12:00
Anyone know how much money they have left from state aid? With no market in spring makes you wonder if they will make enough in summer.
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Croatia Airlines to restore Sarajevo, Vienna flights

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