Source: Dubai – Arabic.net
Flydubai has announced its decision to reduce the salaries of its employees temporarily for a period of 3 months, starting next April.
This comes as a result of the implications of the spread of the Corona virus and its impact on the global aviation sector.
According to the company, the decision will contribute to supporting its liquidity, while the sector faces uncertainty.
In addition, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum affirmed the emirate’s commitment to fully support the Emirates Airlines group.
Sheikh Hamdan stated that a new capital will be pumped into the group, based on the government’s commitment to the national carrier.
Sheikh Hamdan stated that the measures taken to support the national carrier will be announced soon.
The aviation sector operates with less than half the capacity
These dramatic developments come at a time when the global aviation sector is operating at less than half the capacity it had in mid-January after canceling another 20 million seats from scheduled services last week, according to OAG Aviation Worldwide.
The biggest weekly drop ever globally came as the United States and India accelerated their cuts, by 4.4 million seats to America, equivalent to 21% of capacity.
India reduced the seats by 3.5 million, equivalent to 70% of its capacity.
Within 10 weeks, global capacity fell from 106 million seats to 49 million, and expectations are for it to drop to 40 million soon.
Airlines could lose $ 252 billion in revenue this year, according to the International Air Transport Association.