The Air Current - Jon Ostrower
In no uncertain terms, COVID-19 has ravaged Emirates. A quarter of its flight crew are gone and 25% of its headquarters staff have been cut. Emirates received a $2 billion cash injection in March 2020 from the government of Dubai, according to Reuters. But the airline itself has also grown and survived the industry’s ups and downs by being attached directly to the government of Dubai. Dubai’s goals are Emirates’ goals, the relationship is symbiotic. But as Clark and Emirates have benefitted from unbridled globalization and a 21st century brand of state capitalism, the airline is now at the mercy of a patchwork of travel restrictions...read here
