Wednesday, October 1, 2025
Home Blog Page 3239

Ethiopian Airlines loses $550 million in revenue

Does not want bailout from government

Africa’s biggest airline, Ethiopian Airlines, has lost 550 million in revenue dollars since January because of the coronavirus pandemic. Despite the financial loss, the company’s CEO remains confident the airline can keep flying, in part by increasing its cargo business.
Ethiopian Airlines CEO Tewolde Gebremariam told reporters on Tuesday the airline had lost $550 million between January and April, as the coronavirus pandemic brought passenger traffic to a near-complete halt.
He acknowledged the airline is in a serious financial crisis, and also reported that three airline employees have tested positive for COVID-19. He said the three are in stable condition.
But, Tweolde expressed his belief that Ethiopian Airlines will ride out the current storm.
He said the company was cushioning the financial blow by finding new streams of income.
“We are now focusing on cargo. The cargo business is relatively doing well because urgently required medical supplies are needed all over the world from east to west, west to east, north, south and so on. We are also trying to convert some of our passenger aircraft to cargo,” said Tweolde.
He also said the company has saved money by cutting back deeply on daily flights and suspending talks with Boeing and Airbus to replace older aircraft in its fleet.
“Cargo business and MRO are becoming the main business of the airline,” said Tewolde adding “even if the airline is losing in revenue, we do not expect any governmental support, the airline came up with a new strategy in response to the business slowdown.”
Ethiopian airlines is one of the largest cargo network operators and one of the major global cargo players. It was serving 57 global freighter destinations. In response to the current situation and a surge in global demand for air cargo services following the COVID-19 pandemic, Ethiopian Cargo has extended its reach to 74 destinations globally, and caters to charter flight needs in the world; carrying much needed medical supplies in the ongoing fight against COVID-19.
“Not only in Africa we are also serving the world, which we are operating in major trade lanes between Africa and Europe, Middle-east and Asia providing a convenient and reliable cargo service,” said the CEO. “We have recalibrated our cargo operations and networks in light of the current demand in air cargo business.”
In the month of March alone, Ethiopian transported a total uplift of over 45,848 tons of cargo to different parts of the world deploying both its freighters and passenger fleet according to the airline.
Airline industry experts say some of Africa’s air carriers are likely to go out of business during the ongoing crisis.
The COVID-19 has caused a global economic crisis unprecedented in the history of mankind. The airline industry is the most affected due to the flight disruptions, lockdowns and business slow down. One third of the global population is on lockdown and more than 7000 airplanes are parked all over world. The International Air Transport Association (IATA) estimated that the global airline industry will lose collectively USD 252 billion and out of that African airline industry would lose 4.2 billion dollars and since Ethiopian is the largest airline in the continent it will have the lion’s share of that loss.
Before the coronavirus pandemic, Ethiopian Airlines was Africa’s busiest carrier, making more than 350 flights per day to more than 100 destinations.

Ethiopian Airlines furloughs crew as virus crisis continues

Ethiopian Airlines is asking employees to take unpaid leave. The request comes as Ethiopia reports its first death from COVID-19. Permanent staff members are being asked to take all their annual leave and up to 90 days of unpaid leave.
According to sources close to the case, the airline is asking them to take unpaid leave for three months starting from April to July.
Due to the high spread of the virus there is a worldwide fear of travel and governments are banning their citizens to move from one part of the world to the other. The airline has down sized 90 percent of its passenger’s destinations, and announced 550 million dollar loss in revenue.
On Tuesday April 7, 2020 as stated by Tewolde Gebremariam the CEO of the airline, due to the Covid 19 the global attacking pandemic, the airline has downsize more than 90 percent of the international flights, and serving revenue losses in millions of dollars, but “the airline will not decrease its employees, although the air line will negotiation with its employees to take unpaid leave,” he said.
“Most of the international airway companies are laying off their employees because of their loss with the impact of the virus from low percentage of passengers, but Ethiopian airlines will face everything with its employees” said Tewolde. Ethiopian Airlines has and will lay off only temporary employees under an agreement made with their recruitment agencies.
“Most of the Airlines are calling on governments to provide immediate financial aid to help airlines to remain viable businesses and able to lead the recovery when the pandemic is contained,” said Tewolde adding that Ethiopian air lines is not in that level of challenge, and still has the capacity to remain in the business as it was before.
One month ago the airline has been asking its employees to take a special leave scheme in a specific set of time due to lack of international flights and also aiming to minimize social distance.
According to the CEO, the first batch of 526 employees who took this special annual leave will be back on April 22 and then the airline will wait until then to decide on the issue.
However as sources told capital the airline has already started to call its employees to take the unpaid leave.
Ethiopian airlines is one of the big international airline groups and has more than 16,000 employees both permanent and temporary.
“The corona virus is a huge challenge” however he said, “we are certain other experiences help us to minimize the outcome, it is a temporary problem we have a capacity to recover” said the CEO.
According to the international air transport association due to the spread and restriction of travels globally more than 25 million jobs that are directly related to the aviation industry bare at risk of disappearing, which two million of them are in Africa.

The biggest open market

0

The biggest open market place in Addis Ababa, Mekato is packed with traders and their customers in the afternoon of Saturday April 11. Most people said that they are out to trade because of next week’s Easter holiday, swiftly defying authorities order to physical distancing.

PAID SCIENCE & COVID-19

0

The world of humanity has been gripped by fear and panic since the beginning of 2020, mostly on the account of Covid-19. As usual, the MSM (Main Stream Media) took over the task of narrating fear and panic in a comprehensive manner. Thanks to MSM, Covid-19’s alleged origin, its nature of propagation and transmission, its current prevalence, its severity, its future trajectories, etc., etc., all became the preoccupation of global humanity. Recall that MSM is literally owned by global dominant interests, namely transnational capital and its various surrogates, not excluding the nation-states themselves! The paid media or the MSM, which includes both the private media as well as the so-called state media, are not in the business of presenting facts/truths to the global sheeple (human mass). Their real mission is to facilitate the interests of transnational capital, nothing more nothing less!
Paid science has now entered the sphere of the dominated discourses. Unlike the olden days, science or ‘big science’ to be more precise, is also under the direct auspices of transnational capital and its surrogates. The primary concern of science/technology is to serve dominant interests, mostly via the corporations and the captured states. Science as an endeavor of dedicated individuals, with the clear intention of increasing knowledge, to ultimately lead humans to enlightenment, is hardly the purpose of science in late modernity. Unfortunately, imparting catchy notions without substantive scientific proof/facts seems to be one of the objectives of establishment science. This strategy is employed to make sure the global sheeple (human mass) is mesmerized into letting go of its basic common sense. For example, in the hands of paid science, astronomy/cosmology has been rendered more science fiction/Hollywood-esque than real science. Enter Covid-19. Currently, paid media along with paid science seem to have nothing else to talk about except Covid-19. Most of what is being conveyed and parroted by the establishment’s talking heads is useless and is intended to scare the hell out of the sheeple, so that the parasitic global elites can get away with murder!
Amongst the interests of transnational capital, the complete incorporation of the global sheeple into the world of ‘modern feudalism’ remains paramount. In this intended dystopia, it is only the 1% that will be allowed to own/control anything that can be considered significant (feudal lords), while the 99% are to remain toilers (serfs). In classical capitalism, labor was at least compensated with wages, however meager. In the old feudal system, the serfs were never considered wage earners. As far as the feudal lords were concerned, the serfs were nothing more than the other ‘beasts of labor’ toiling the land (ox, donkeys, etc.), hence had no regular remuneration! As the intention of the 1% is to implement a modern version of feudalism, where the global multitude becomes mere serfs, it is imperative for them to come up with protracted strategy to achieve this evil ambition. To this end, various means are being entertained. Is the Covid-19 project one of them?
To effect/implement a more polarizing world system, worse than what we have today, requires the help of a significant portion of the sheeple itself. This is where the ‘useful idiots’ come in, to use Lenin’s phrasing. Functionaries (both within the state as well as outside of it) at the service of transnational capital, devoid of critical reflections are now mobilized the world over. This group is not known for its integrity. By and large and as a group, it is very susceptible to blatant opportunism; think politicians! The gullible multitude, which is economically at a lower rung than the above useful idiots, tends to adhere to the logic of herd mentality. This social stratum is a sufficiently bamboozled collective lacking the capacity to perform complex and profound analyses on its own, hence, can be a very dangerous tool in the hands of determined psychopaths. Look at the global sheeple’s frenzy in regards to the current pandemonium. In our world system, the very few individuals who are well versed about the workings of the world and are also concerned about the wellbeing of life/ecosystem are systemically undermined. When things start to go awry and revolutionary spirits start to grip the sheeple’s imagination, it is these critical individuals that will be targeted for elimination by the power that be! Individuals like Chelsea Manning, Julian Assange and Edward Snowden belong to this group. Whether we like it or not, it is people like them as well as other critical researchers, particularly in the realms of the hard sciences, that can tell us the difference between ‘pandemic’ and ‘plandemic’!
It light of all the above, the need of interrogating the prevailing narrative in regards to Covid-19 becomes the task at hand. Unfortunately, exaggerated fear and irrational panic seem to be the objectives of the paid media and the paid sciences. What the ‘deep state’ wants as an outcome/output from the Covid-19 mess is not altogether a mystery, but that is not our concern today. Here is one case to indicate the hidden agenda of the global power that be. The Swedes, as usual, have taken the calm and rational route towards the Covid-19 conundrum, and so far, results are encouraging. Yet, the MSM and paid science continue to blast them for not shutting down everything. The Swede’s policy is continuously portrayed as irresponsible. On the other hand, the majority of the nation-states, which obediently implement the diktat of the powerful, do not have much to show for, except numerous body bags on a daily basis. Unlike Sweden, herd immunity will not be available in many of these countries in the future, thereby inviting a rerun of what is going on today!
‘Little knowledge is dangerous’ said the old and wise. Taking the cue from them, we have tried to assemble alternative/independent views from the global scientific community. These days researchers, even in the hard sciences, are losing their independence. They have to toe the political line of big pharma and big science to secure grants/funding for their studies/researches. The various findings/views/opinions of world-class scientists who are not on the ‘pay’ of entrenched interests are printed on page 50 & 51. We start out with Prof. Wittkowski next column. “The only means to fight the plague is honesty.” Albert Camus, The Plague (1947). Good Day!