Dubai’s airline, Emirates has fired 180 pilots as a cost-cutting measure in order to remain in business amid the global coronavirus pandemic crisis that has seen a sharp decline in airline revenue.
According to Moneycontrol, the layoffs which will take effect on 15th June 2020 will affect first officers who are under training for type-rating on the A380. The pilots to be fired are still under probation.
The announcements came a few weeks after the airline announced plans to send home 30% of its screw and pilots that translates to about 30,000 workers.
To ensure that the company remains afloat during the pandemic, the airline took various measures such as reducing staff salaries by between 25% and 50% for the next three months. The outgoing president of the airline, Tim Clark will, however, go without his monthly salary during the stipulated period.
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Two months ago Emirates Airlines received an unknown amount of bailout cash from the government for survival during a pandemic.
Things have not been easy for the airline this year, in March the Group recorded a 28% decline in full-year profit as the effect of coronavirus. The net income of the company for the year ended 31st March 2020 was approximately $463 million which was less compared to the $626 million last year.
Emirates is a state-owned airline based in the United Arab Emirates, Garhoud, and Dubai. The airline is the largest airline in the Middle East and the fourth-largest airline in the world.
The Fly Emirates flies over 150 destinations across six continents and it operates over 250 fleets.
Despite the Emirates resuming its flights to eight countries, Tim Clark warns that the airline will 20-30% smaller after the pandemic, as its measure to retire a huge proportion of its fleet across the world.
