Dubai - Mubasher: Emirates airline President, Tim Clark, expects the airline industry to see a recovery as of June of next year, after being affected by the coronavirus (COVID-19) pandemic, according to Zawya.
Clark made the announcement during the first day of the virtual Arabian Travel Market (ATM), held on 1-3 June 2020.
He added that COVID-19 will negatively impact the industry in the coming six to nine months, stating that Emirates will lay off a number of employees to reduce costs.
The airline president clarified that the Dubai-based carrier will not be able to pay all its employees amid the suspension of flights.
"I am afraid that [unemployment] is one of the casualties at the moment. In a nutshell, we can’t keep our employees doing nothing for so long, and so have to let some of them go," Clark was quoted as saying.
It is noteworthy to mention that in late April, the International Air Transport Association (IATA) announced that the airlines in the Middle East would register revenue losses of $24 billion, $5 billion more than what was forecast at the beginning of April.