DUBAI - Emirates, one of the world's biggest international airlines, will ground its entire passenger fleet this week and cut staff wages by as much as half because of the coronavirus and its impact on travel demand.
"As a global network airline, we find ourselves in a situation where we cannot viably operate passenger services until countries reopen their borders and travel confidence returns," Emirates Chairman Sheikh Ahmed bin Saeed al-Maktoum said in a statement. International connectivity is crucial for Emirates' Gulf hub model, which transformed Dubai six years ago into the world's busiest international airport. It does not operate domestic flights and most of its passengers transit through Dubai.
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