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ONE OF THE world’s biggest airlines, Emirates, has said it is suspending most passenger flights from Wednesday.
It is a pivotal move that reflects the dramatic slowdown in traffic through the airline’s hub in Dubai, the world’s busiest international airport, due to disruptions caused by the coronavirus pandemic.
The company earlier announced a suspension of all passenger flights but reversed that decision after receiving requests from governments and customers to support the repatriation of travellers.
“Having received requests from governments and customers to support the repatriation of travellers, Emirates will continue to operate passenger and cargo flights to the following countries and territories until further notice, as long as borders remain open, and there is demand: the UK, Switzerland, Hong Kong, Thailand, Malaysia, Philippines, Japan, Singapore, South Korea, Australia, South Africa, USA, and Canada,” the company said in a statement.
Emirates will continue to operate cargo flights through its fleet of Boeing 777 freighters for the transport of essential goods, including medical supplies across the world.
The company will reduce salaries for the majority of its employees for three months but said it will not cut jobs.
Airlines around the world are struggling to cover their costs and pay salaries with their fleets grounded and countries shutting their borders to travellers.
In the Middle East, airlines have lost more than seven billion dollars (about €6.5 billion) in revenue as of 11 March, according to the International Air Transport Association.
The group said 16,000 passenger flights have been cancelled in the Middle East since the end of January.
In a statement released today, Emirates said it tried to maintain passenger flights “for as long as feasible” to help travellers return home amid all the travel bans, restrictions and lockdowns.
Emirates Group chief executive and chairman Sheikh Ahmed bin Saeed Al Maktoum described the situation as “an unprecedented crisis” and said “the world has literally gone into quarantine” due to Covid-19, which has infected more than 300,000 people around the world.
The United Arab Emirates has all but closed its borders to travellers.
Al Maktoum said the company was doing well financially at the start of the year but the virus “has brought all that to a sudden and painful halt over the past six weeks”.
“We find ourselves in a situation where we cannot viably operate passenger services until countries reopen their borders and travel confidence returns,” he said.
The company, which also operates an airport ground services company called dnata at locations around the world, had already urged employees to take paid and unpaid leave.
To save costs further, it said it is temporarily reducing the basic salaries of the majority of Emirates Group employees for three months, with cuts ranging from 25-50%.
The company said employees will continue to be paid other allowances during this time.
Junior-level employees will be exempt from the basic salary reduction.
The president of Emirates, Tim Clark, and the president of dnata, Gary Chapman, will take a full basic salary cut for three months.
“We want to avoid cutting jobs,” Al Maktoum said.
“When demand picks up again, we also want to be able to quickly ramp up and resume services for our customers.”
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What a sensible young chap. Keep doing what your doing but don’t forget to have some fun!!
@Jen:
I can see the abuse starting up here soon.
Being sensible isn’t very popular around here.
@Patrick Nolan: Have you a better alternative? :)
@Jen: correct
This depresses the life out of me! 24 year old lad working and only out for a few drinks on a Thursday night. Giving up a life of fun and travel to save for a mortgage the minute he left college…missinf out on life at a young age when he will he will he staying in and skint enough when he has a mortgage and a family.
@Blah blah: he’ll Coast nicely through life imo
@Alan Flannery: yes but he is sensible and old before his time! I have kids a mortgage and I’m constantly saving and budgeting and worrying, like this lad….but I had fun in my 20s so i dont feel like im missing out now. He begrudged going out to a gaa night with his peers, he should be heading out a few nights a week with friends, having a laugh!
@Blah blah: he only earns €2100 net pm, between savings, rent and bills – he doesn’t have much left to spurge…
He has clear set goals, being sensible now is going to pay off well long term.
@Blah blah: agreed. He’s not living at all. Just warming up to be a slave to a bank till he’s 55. If his salary is going to double by the time he’s 30 then he’s nuts not to be travelling and exploring, going to gigs, or whatever.
@Jack: I think you missed the bit in his budget where he’s set aside a decent monthly amount for travel. He does have travel plans but is being sensible enough to save for it first, rather than go blindly spending a holiday loan, getting into debt and then not achieving his long term goals.
I traveled most of Europe when I was younger on cheap Ryanair flights, it doesn’t need to cost much. You don’t have to go to Australia for 6 weeks on your first excursion. If you’re flexible with dates and destinations and book well in advance, flights within Europe these days are an almost negligible cost.
Don’t mind the haters in this thread.. fair dues man, keep it up. But don’t forget to splash out every now and again
Kudoz to this sensible young man! Hits the nail on the head and speaks the truth,
Liking the grocerie break down, need to change my supermarket
Fair play young man and you play best game ever Gaelic Football
I feel sorry for this person.life is tough
Yikes! Respect. I was a million miles away from that and his age and to be honest still now. It’s unusual in someone so young but you gotta take your hat off to him. Still.. hope it’s not too late to have fun once he gets his house. Guess we shouldn’t presume fun= going out and getting thrashed and being hungover for most of your 20’s
Good lad. Your good with money. Fair play. Wish when I was your age I done that.
@chris c: You’re good with money. I did that, not I done that.
@Desmond Lyons: dick
@Desmond Lyons: di ck
My time travelling after my masters and great times spent with friends are some of most cherished memories from mid to late 20s. Didn’t save much until I was almost 30 but fast forward 5 years and I’m married with anew born after buying our new build last year.
If you work hard hard and put the effort in saving you don’t need to sacrifice enjoying life like this poster at the age of 24. He doesn’t know what he’s missing out on. Actually feel sorry for the guy that the obsession buying a house means he’s missing on our those great years.
@Brian: I agree! Doesn’t have to travel the world, but maybe a few weekends away with friends, out to a gig during the week, a few drinks with mates, etc. There is enough worrying and stress when you have a mortgage and a family!
Start up the SSIA again, that would help a lot of people out.
He is only 24 years old. The world is his oyster, but no fulfilment. Do these contributors ever have good old fashioned joy or happiness in their lives? friends, family, after work courses? You are only 24. Give yourself some time to discover the world and come back when you are ready. Above all, make the most of your young life. You only have the one.
Fair play to the young man for being so organised but as others have said please be sure to have some fun while you’re young (it passes by so fast).
Reading this article does remind me though of the looming future of automation (be it a good thing or bad, I honestly don’t know). What’s in the cards for people in the next few years when more and more jobs will become automated? I know it may seem off topic but it’s really not.
An artificial intelligence expert who previously worked with Google recently said that 40% of all jobs would be lost within 15 years due to automation. That’s both incredible and terrifying.
I know there is talk of what’s called universal basic income where each citizen is given a certain amount of money each month but I don’t really understand how it would work, where does the money come from? I think there was talk of testing it in a couple of places in the US and Switzerland but I need to read up on it more.
One way or the other it will be interesting to see how it all pans out.
Gets a dishwasher, more time in bed and less piles of washing! I wasn’t overly enamoured with the last comment, while some of it is correct, I don’t think the next generation will be any different really, if not worse.
His monthly outgoings are 1890 on a net of 2100, leaving 210 euro spare for the month, and he has just spent 113 euro of that in one week. Leaving 97 euro spare for the month.
Stop these senseless articles
@Liam Kehoe: If you took the care to read thoroughly before commenting you’d see his groceries are included in the monthly breakdown of €1890 and included again in the sunday spend (probably to give readers an idea of diet). Presumably doesn’t go grocery shopping once a month. Would have spent €46 for the week and have been well on track if not for pints at his table quiz (€113-€(31-€36))
You can still travel and see the world when you are older and are stuck with a mortgage. Some people seem to think you have to fit everything into your 20′s before you settle down and then can’t do anything after that. I did lots of travelling and then saved for a few years to get a mortgage in my early 30′s. Now I’m able to travel as my wages have grown and the mortgage is cheaper than when I was renting.
I can understand all the saving for a house and that rent is dead money but not going to Coppers after 6pints is unforgivable.
Fair play to him, and he plays the best game ever, Gaelic Football
Can someone please explain to me(I’m a bit thick) what is the point of these stories bout spending there money
@John Murt: to make you feel bad clearly
@John Murt: It’s almost like propaganda, showing you how little people earn and hey look they’re doing grand, so there is no problem with housing or anything, the government is a great job..
Alternate reality. This guy pursues his dreams of travelling the world. He gains both life and work experience in different cities of the world. He meets the love of his life and they decide to buy a house together, both contributing to the mortgage. Not implausible
Fair play to this lad. I know a lot of 30 somethings who don’t have the same resolve or will-power to save up. Don’t heed the begrudgers. If you’re happy with your achievements and goals, you owe nobody anything.
I sense a little jealousy from some people on this comments thread. You’re highlighting their sense of insecurity in themselves, so ignore the negative comments. Keep it going
Does this person go to work naked, or just wear hand me down clothes?
It just shows you how far we have come this young man with a good job does everything by the book fair play to him and he has to wait until his 30 to take out a mortgage.In the 80 you took out a mortgage when you were 20 and definitely owned your own home by the age of 40 . So I really think it is backwards we are going .
I couldn’t live like that. It reeks of stingy. What about if he gets sick on his omelette diet? Or falls off his bike and ends up in hospital. Has he health insurance or should the taxpayer foot the bill?
@Elizabeth Sheehan O’Reilly: If you read it correctly it says his work provide health insurance as a BIK. And he’s employed, so he is a taxpayer?
This g
There is more to life than a house. Yes there are advantage to owning your own house and pay the mortgage off as quickly as possible and set yourself up for a more comfortable retirement, but not at the cost of a life. Go travelling, experience other cultures, do a season at a ski resort, scuba dive the great barrier reef. When you are old and grey do you want to tell your grand-kids about the time you did a bungy jump in New Zealand or about how you slaved for 30 years and now own your own house mortgage free and wish you had have made the most out your youth.
24? Christ have a bit of fun lad, mortgage saving when you’re 24?? Not worth the sacrifice of spending your 20s like a cycling hermit, if you want to make some big money to add to a savings fund you should work abroad somewhere for a couple years cause the money ain’t in ireland with high tax, high cost of living etc no matter how good you are at saving.
This is bullshit…..even the net wage is wrong on the figures given….and the salary is a makey uppy.
Total ruse
@Paul O Mahoney: The net wage looks relatively correct, if you’re struggling use a wage calculator online from Pwc/Deloitte, you’ll find monthly wage to be €2238 less €125 (pension included in gross to net as stated above) less health insurance BIK charge
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