Last week it was revealed that Dubai’s government has put AED 7.3 billion ($2bn) into Emirates since March, to help its flagship airline sustain operations during the coronavirus crisis.
The state indicated earlier in the year that it was committed to providing financial support to the world’s largest long-haul carrier, a bond prospectus seen by Bloomberg shows the extent of the aid over the past five months.
Emirates to Restore Staff Salaries From October
Emirates has announced that staff salaries will be returned to 100 percent from October.
The group had implemented widespread salary cuts in March; when they were forced to suspend all their flights due to the closure of international borders, as part of the measures taken to curb the spread of coronavirus.
It comes as the airline continues to increase their capacity, with flights operating to over 80 destinations.
In July it was revealed that the airline had been forced to lay off more pilots and cabin crew, as a result of the impact of the ongoing Covid-19 pandemic.
Etihad Extends Staff Wage Cuts But At A Lower Rate
Reported by Bloomberg, Etihad Airways has said that they will continue to pay their staff reduced salaries until the end of this year; albeit at a lower rate. The salary will be cut by just 10%, as opposed to the earlier reduction which ranged between 25% to 50%.
The Abu Dhabi state-owned airline posted a yearly first-half loss of $758 million, amid border closures due to the COVID-19 pandemic.
Source: Bloomberg News via Reuters
