The Emirates Group, upon the words of the Chairman and Chief Executive to the group, was doing well towards the financial year crisis until January 2020. But the world now has gone into quarantine due to the COVID-19 outbreak. This outbreak affects the flights movements all of a sudden a painful halt over the past 6 weeks.
Since the COVID-19 outbreak began, Emirates and dnata have taken actions towards the outbreak in line with the regulations as well as travel demand. The airlines aimed to keep passengers safe and to help them to return home amidst an increasing number of travel bans and country lockdown across the world.
According to the global airlines, Emirates found themselves in a situation where they cannot operate the passenger services until the countries reopen their borders and travel returns. They temporarily stopped most of the operations since they were watching the situation to proceed until the stability took place.
The Chairman and Chief Executive also added that Emirates Group has a strong balance sheet and solid cash liquidity which helps in the survival of their business and flight schedules will proceed to their normal basis after this crisis.
Due to the strong cash flow position, the Emirates Group has sufficient liquidity but it will reduce costs at this time. At the same time, Emirates remains promised to serve markets and looks forward to resuming all normal schedules of all flights as soon as it is allowed by the authorities.