International air travel will take at least 18 months to recover, Emirates Airline said Sunday, as the coronavirus pandemic contributed to a collapse in annual net profits at the carrier’s parent.
Emirates, one of the world’s biggest long-haul airlines, said on Sunday it will raise debt to help it through the coronavirus pandemic and may have to take tougher measures as it faces the most difficult months in its history.
The COVID-19 pandemic will have a huge impact on our 2020-21 performance, with Emirates’ passenger operations temporarily suspended since 25 March, and dnata’s businesses similarly affected by the drying up of flight traffic and travel demand all around the world,” the chairman said in a statement. “We continue to take aggressive cost management measures, and other necessary steps to safeguard our business, while planning for business resumption.
We expect it will take 18 months at least, before travel demand returns to a semblance of normality.”
WSJ / Emirates
FinanceMalta is exploring new opportunities to strengthen Malta’s presence in the United States, following enhanced connectivity between the two countries and growing interest in interna...
Finland’s Defence Forces on Tuesday restricted part of the airspace off the country’s southern coast near the Russian border due to the risk of stray drones, a military spokesperson said...
Updated 0850
Parliament begins Summer Recess After Approving Two Bills Linked to EU funds: Parliament rose for its summer recess on Monday after MPs approved two Bills tied to Malta's...
Updated 1105
Abela defends equality reforms as Borg says PN walk-out gave ‘voice to the voiceless’: Prime Minister Robert Abela defended the government’s Equality Bill after the Oppos...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
FinanceMalta is exploring new opportunities to strengthen Malta’s presence in the United States, following enhanced connectivity between the two countries and growing interest in interna...
GO Ventures, the corporate venture capital arm of GO plc, has invested in Jericho Security, a New York-based cybersecurity company developing artificial intelligence tools to help organi...
FinanceMalta is exploring new opportunities to strengthen Malta’s presence in the United States, following enhanced connectivity between the two countries and growing interest in interna...
The European Parliament has approved a major new initiative aimed at reducing workplace accidents and strengthening worker protection across the European Union, as concerns continue to g...
FinanceMalta is exploring new opportunities to strengthen Malta’s presence in the United States, following enhanced connectivity between the two countries and growing interest in interna...
GO Ventures, the corporate venture capital arm of GO plc, has invested in Jericho Security, a New York-based cybersecurity company developing artificial intelligence tools to help organi...
The United States and Iran have paused military strikes for a third consecutive night as both sides seek to give diplomacy another opportunity after nearly two weeks of escalating confli...
The cost of the United States' war in Iran has risen to $37.5 billion so far, U.S. Defense Secretary Pete Hegseth said on Tuesday, as he faced skeptical lawmakers for the first time sin...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
Ukraine is aiming to develop a prototype of a new European anti-ballistic missile defence system by the first half of 2027, as Kyiv pushes allies to create a home-grown alternative to US...
Ukraine has recaptured 700 sq km (270 sq miles) of its territory this year, outgoing Commander in Chief Oleksandr Syrskyi said on Wednesday, confirming he was leaving the top military ...
