Emirates Airline is one of the world's most recognized airlines due to its excellent customer service, luxurious amenities, award-winning entertainment, and hospitality. Founded in 1985 in Dubai with initial funding of $10 million, Emirates' first flight was from Dubai to Karachi. Like many airlines in 2020, Emirates faced significant challenges from COVID-19, with a sharp decline in passengers leading to annual losses of $6 billion, their first in 30 years. To overcome losses, Emirates reduced non-essential costs, increased cargo services, prioritized safety, reduced some flights, and sought government financial assistance.
Emirates Airline is one of the world's most recognized airlines due to its excellent customer service, luxurious amenities, award-winning entertainment, and hospitality. Founded in 1985 in Dubai with initial funding of $10 million, Emirates' first flight was from Dubai to Karachi. Like many airlines in 2020, Emirates faced significant challenges from COVID-19, with a sharp decline in passengers leading to annual losses of $6 billion, their first in 30 years. To overcome losses, Emirates reduced non-essential costs, increased cargo services, prioritized safety, reduced some flights, and sought government financial assistance.
Emirates Airline is one of the world's most recognized airlines due to its excellent customer service, luxurious amenities, award-winning entertainment, and hospitality. Founded in 1985 in Dubai with initial funding of $10 million, Emirates' first flight was from Dubai to Karachi. Like many airlines in 2020, Emirates faced significant challenges from COVID-19, with a sharp decline in passengers leading to annual losses of $6 billion, their first in 30 years. To overcome losses, Emirates reduced non-essential costs, increased cargo services, prioritized safety, reduced some flights, and sought government financial assistance.
airline due to its everlasting and amazing customer service. The airline’s luxurious Amenities, regionally inspired gourmet cuisine, Award winning in-flight entertainment system And unmatched hospitality by its iconic Multinational cabin crew made it to world’s top 10 best airlines. Emirates History Emirates was founded by the Royal Family in 1985 who funded $10 million USD and support from Pakistan International Airlines. Airline first flight was from Dubai to Karachi on 25 October 1985.(EK600) Now, it is worldwide famous and Luxury airline. HOW DID THIS MULTINATIONAL COMPANY FACED DOWNFALL? Back in 2020, Emirates airline, like many other airlines around the world, faced significant challenges due to COVID-19. The airline industry was severely impacted by the pandemic, leading to a dramatic decrease in global air travel demand. Circumstances faced by Emirates Airline ● Sharp decline in passenger demand: Emirates had to cancel a significant portion of its flights and temporarily suspend services to many destinations. ● Financial Crisis: Due to the reduced amount of passengers, Airline had the annual loss of AED 22.1 billion loss (US$ 6 Billion) first time in three decades ever. ● Health and Safety measures: Airline had to invest in health and safety measures to reassure passengers and staff. ● Travel Restrictions: As the situation with the pandemic evolved, different countries implemented various travel restrictions, quarantine requirements, and border closures. SOLUTIONS Solutions to overcome the loss ● The airline should reduce non-essential expenses such as marketing and negotiate with the suppliers for better pricing terms. ● If there were sharp decline in passengers, the airline should increase their cargo service to overcome the latest loss and can run their company by providing best service in cargo with all health and safety measures. ● Prioritize passenger and employee safety with rigorous health and safety measures, which can help rebuild customer confidence in air travel. ● Temporarily reduce flights on low demand routes and ● Seek financial assistance or reallocate resources to more subsidies from the government profitable routes. to cover operating costs, employees salary and other essential expenses during times of crisis. By: Abiha Imran