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Delta Air Lines Announces Major Growth in Second Quarter

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Delta Air Lines officials announced Thursday the carrier has posted record revenue and a larger profit margin for the second quarter of 2019.

According to Yahoo Finance, Delta revealed its second-quarter profit jumped 39 percent to $1.44 billion thanks to strong demand brought on by a busy summer travel season. As a result of the higher totals, the carrier raised its full-year earnings forecast.

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As the airline continues to expand its current service and add new routes, the company reported passengers flew more than 63 billion miles between April and June, which was a 6.3 percent increase over the same period last year.

airlines/delta-to-launch-service-between-new-york-and-houston-on-new-airbus-plane.html” target=”_self” rel=”nofollow noopener noreferrer”>Delta also announced average occupancy of its flights increased to 88 percent, which means more flights were full and fewer empty seats on journeys scheduled for nights and weekends. In addition, the airline revealed revenue from business-class and other premium passengers increased by 10 percent over 2018.

Another reason behind the recent rise in revenue for Delta has been attributed to the Boeing 737 MAX planes being grounded for other top carriers, including American Airlines, Southwest Airlines and United Airlines.

The resulting cancellations resulted in more travelers flying with Delta and a lower number of available seats that increased the average fare prices for the summer.

This post was published by our news partner: TravelPulse.com | Article Source |

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Emirates Announces Firing Employees Amid the Pandemic

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Emirates Airline, the last holdout among the Gulf region‘s three major East-West carriers in retaining its workforce announced on May 31, 2020, that it had fired an undisclosed number of employees, due to the near-shutdown of global air travel amid COVID-19.

The other two—Abu Dhabi’s Etihad and Doha-based Qatar Airways—had already scaled back in terms of staffing as the virus spread, virtually eliminating passenger demand and causing international borders to slam shut.

While Emirates has been applauded during the pandemic for continuing to run repatriation flights around the globe, as well as delivering cargo and critical supplies, it has been dramatically affected by the halting of international passenger travel, just like the rest of the world’s airlines.

In a statement, the company said, “We have endeavored to sustain the current family as is…but have come to the conclusion that we, unfortunately, have to say goodbye to a few of the wonderful people that worked with us.”

Without revealing any particulars of the mass firing, Emirates assured that those being axed from its workforce would be treated, “with fairness and respect.”

ABC News reported that to try and balance some of the immense losses the airline continues to suffer, Dubai’s Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, injected an undisclosed amount of equity into its operations back in March.

Although the flag carrier, owned by a Dubai sovereign wealth fund, had already reduced its staff members’ pay during the course of the global health crisis.

Meanwhile, Emirates’ home base, Dubai International Airport—typically the world’s busiest in terms of international passenger traffic—has also been running only a fraction of its normal operations.

Dubai, which has positioned itself as a critical hub for the free movement of people, goods and capital from around the globe (all of which the pandemic has disrupted), now depends heavily upon a resumption of activity at its airport.

For more information, visit emirates.com.

This post was published by our news partner: TravelPulse.com | Article Source

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