Kuwait Airways to launch Sarajevo 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

Kuwait Airways to launch Sarajevo flights

NEWS FLASH

Kuwait Airways will launch a new seasonal service between Kuwait City and Sarajevo this summer season. The airline plans to run two weekly flights from the Kuwaiti capital to Sarajevo starting July 3, each Wednesday and Saturday, with the Airbus A320neo aircraft. The flights, originally planned to commence last year, will be maintained until August 28. The service is aimed at Kuwaiti tourists visiting Bosnia and Herzegovina. Kuwait City is Sarajevo Airport’s busiest unserved route with over 23.000 passengers flying indirectly between the two cities in 2019. Further flight details can be found here.

Comments

Anonymous16:39
Bravo Sarajevo
ReplyDelete
Replies
Yogi Po21:57
Sarajevo Airport is on fire this year. Hopefully they will these routes will gather more routes to new destination. This can be very good for tourism in B&H.
ReplyDelete
Replies

Add comment

Search This Site

Kuwait Airways to launch Sarajevo flights

Comments

Post a Comment