AIRLINK 74.85 Increased By ▲ 0.56 (0.75%)
BOP 4.98 Increased By ▲ 0.03 (0.61%)
CNERGY 4.49 Increased By ▲ 0.12 (2.75%)
DFML 40.00 Increased By ▲ 1.20 (3.09%)
DGKC 86.35 Increased By ▲ 1.53 (1.8%)
FCCL 21.36 Increased By ▲ 0.15 (0.71%)
FFBL 33.85 Decreased By ▼ -0.27 (-0.79%)
FFL 9.72 Increased By ▲ 0.02 (0.21%)
GGL 10.45 Increased By ▲ 0.03 (0.29%)
HBL 112.74 Decreased By ▼ -0.26 (-0.23%)
HUBC 137.44 Increased By ▲ 1.24 (0.91%)
HUMNL 11.42 Decreased By ▼ -0.48 (-4.03%)
KEL 5.28 Increased By ▲ 0.57 (12.1%)
KOSM 4.63 Increased By ▲ 0.19 (4.28%)
MLCF 37.80 Increased By ▲ 0.15 (0.4%)
OGDC 139.50 Increased By ▲ 3.30 (2.42%)
PAEL 25.61 Increased By ▲ 0.51 (2.03%)
PIAA 20.68 Increased By ▲ 1.44 (7.48%)
PIBTL 6.80 Increased By ▲ 0.09 (1.34%)
PPL 122.20 Increased By ▲ 0.10 (0.08%)
PRL 26.58 Decreased By ▼ -0.07 (-0.26%)
PTC 14.05 Increased By ▲ 0.12 (0.86%)
SEARL 58.98 Increased By ▲ 1.76 (3.08%)
SNGP 68.95 Increased By ▲ 1.35 (2%)
SSGC 10.30 Increased By ▲ 0.05 (0.49%)
TELE 8.38 Decreased By ▼ -0.02 (-0.24%)
TPLP 11.06 Decreased By ▼ -0.07 (-0.63%)
TRG 64.19 Increased By ▲ 1.38 (2.2%)
UNITY 26.55 Increased By ▲ 0.05 (0.19%)
WTL 1.45 Increased By ▲ 0.10 (7.41%)
BR100 7,841 Increased By 30.9 (0.4%)
BR30 25,465 Increased By 315.4 (1.25%)
KSE100 75,114 Increased By 157.8 (0.21%)
KSE30 24,114 Increased By 30.8 (0.13%)

DUBAI: Emirates Airline said Sunday it will have to cut jobs after being forced to ground its fleet during the coronavirus crisis, but did not specify the extent of the layoffs. The Dubai carrier, the largest in the Middle East, announced in March temporary cuts of between 25 percent and 50 percent in basic salaries for most employees after halting its operations. It employs a workforce that is around 100,000-strong, with a fleet of 270 wide-bodied aircraft. "We reviewed all possible scenarios in order to sustain our business operations, but we have come to the conclusion that we unfortunately have to say goodbye to a few of the wonderful people that worked with us," the airline said in a statement. "We continuously are reassessing the situation and will have to adapt to this transitional period," it said. "We do not view this lightly, and the company is doing everything possible to protect jobs wherever we can." Emirates said on May 10 that it would take at least 18 months for travel demand to return to "a semblance of normality", even after reporting bumper pre-pandemic profits. The carrier had suspended flights on March 22 before resuming some services two weeks later. Last week, it began partial regular service to a number of mostly Western airports. The International Air Transport Association forecast in April that air traffic in the Middle East and North Africa was set to tumble this year by more than a half. IATA said that MENA airlines' revenues in 2020 will be slashed by $24.5 billion compared to last year, and warned the region's aviation shutdown threatened some 1.2 million jobs. State-owned Kuwait Airways recently said it was laying off 1,500 expatriate employees, who make up a quarter of foreign staff.

Copyright Agence France-Presse, 2020

Comments

Comments are closed.