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Photo: Krafft Angerer/Getty Images

Emirates, one of the largest long-haul airlines in the world, retracted its announcement Sunday temporarily suspending all passenger flights, now saying it will defer "most" routes due to the coronavirus pandemic.

The big picture: Airlines have been reducing flights at unprecedented rates in order to stop the spread of the virus and as a result of low demand.

Details:

  • The carrier will still fly to the U.S., the U.K., Japan, Australia and Canada, a reversal after receiving requests from governments and customers to support the repatriation of travelers, AP reports.
  • The Dubai government-owned Emirates, which is the largest airline in the Middle East, said its employees will receive up to 50% salary reduction for three months, but that it will not cut jobs.

What they're saying:

"The world has literally gone into quarantine due to the COVID-19 outbreak. This is an unprecedented crisis situation in terms of breadth and scale: geographically, as well as from a health, social, and economic standpoint. Until January 2020, the Emirates Group was doing well against our current financial year targets. But COVID-19 has brought all that to a sudden and painful halt over the past 6 weeks."
"Emirates Group has a strong balance sheet, and substantial cash liquidity, and we can, and will, with appropriate and timely action, survive through a prolonged period of reduced flight schedules, so that we are adequately prepared for the return to normality.”
— Sheikh Ahmed bin Saeed Al Maktoum, CEO of Emirates Group

Go deeper: Trump vows to help airlines slammed by the coronavirus outbreak

Editor's note: This story has been updated to note Emirates' change from "all" passenger flight cancellations to "most."

Go deeper

Dan Primack, author of Pro Rata
42 mins ago - Politics & Policy

Trump's new venture could be peak SPAC

Illustration: Sarah Grillo/Axios

Former President Trump last night announced plans to launch a digital media network called "Truth Social," and said it would go public via a SPAC called Digital World Acquisition (Nasdaq: DWAC).

What to know: So far, this is a joke. The press release didn't contain even basic information, such as the new company's CEO. In fact, the only execs mentioned are Trump (as chairman) and veteran TV producer Scott St. John as head of a subscription streaming service.

Inequality Index signals October jobs growth for lower-income Americans

Data: Morning Consult/Axios Inequality Index; Chart: Axios Visuals

Polling for the Morning Consult/Axios Inequality Index suggests that as the Delta variant ebbed over the last month, job security improved for lower-income Americans.

The big picture: As a result of the improving environment, the Inequality Index this month declined to its lowest point since April — reversing a significant spike in September.

Updated 3 hours ago - World

Police charge man with murder of British MP David Amess

Police outside Belfairs Methodist Church in Leigh-on-Sea, England, on Oct. 15. Photo: John Keeble/Getty Images

Police said Thursday that Ali Harbi Ali, a 25-year-old British man, has been charged with the murder of David Amess, a Conservative Party lawmaker in the U.K.

The big picture: Last week, the Metropolitan Police declared the fatal stabbing a terrorist incident, saying that they had found "a potential motivation linked to Islamist extremism."

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