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    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    How lucky are Indian children in the United States to get out of a "boarding school" alive?

    How lucky are Indian children in the United States to get out of a “boarding school” alive?

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Want to go to Mars? Solve these problems first.

    Want to go to Mars? Solve these problems first.

    Pakistan lifts TikTok's ban again

    Pakistan lifts TikTok’s ban again

    Facebook platforms have become a tool for inciting religious hatred in India

    Facebook platforms have become a tool for inciting religious hatred in India

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    scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

    scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

    Schedule of the 2024 Paris Olympic Games announced

    Schedule of the 2024 Paris Olympic Games announced

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

    Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

    Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

    Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

    Messi was named IFFHS Player of the Best South American Player

    Messi was named IFFHS Player of the Best South American Player

    Countdown clock for the 2022 Qatar World Cup starts timing

    Countdown clock for the 2022 Qatar World Cup starts timing

    Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

    Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

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    The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

    The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

    8 cases of hepatitis in children with unknown causes were found in Argentina

    8 cases of hepatitis in children with unknown causes were found in Argentina

    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

    Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

    Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

    Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

    Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

    6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

    6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

    Is another "pandemic storm" coming? WHO issued a warning!

    Is another “pandemic storm” coming? WHO issued a warning!

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      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      How lucky are Indian children in the United States to get out of a "boarding school" alive?

      How lucky are Indian children in the United States to get out of a “boarding school” alive?

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Want to go to Mars? Solve these problems first.

      Want to go to Mars? Solve these problems first.

      Pakistan lifts TikTok's ban again

      Pakistan lifts TikTok’s ban again

      Facebook platforms have become a tool for inciting religious hatred in India

      Facebook platforms have become a tool for inciting religious hatred in India

      Trending Tags

      • Google
      • Apple
      • Microsoft
      • Xbox
      • Huawei
      • Science & Technology
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      scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

      scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

      Schedule of the 2024 Paris Olympic Games announced

      Schedule of the 2024 Paris Olympic Games announced

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

      Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

      Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

      Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

      Messi was named IFFHS Player of the Best South American Player

      Messi was named IFFHS Player of the Best South American Player

      Countdown clock for the 2022 Qatar World Cup starts timing

      Countdown clock for the 2022 Qatar World Cup starts timing

      Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

      Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

    • Lifestyle
      • All
      • Fashion
      • food
      • Health
      • Travel
      The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

      The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

      8 cases of hepatitis in children with unknown causes were found in Argentina

      8 cases of hepatitis in children with unknown causes were found in Argentina

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

      Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

      Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

      Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

      6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

      6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

      Is another "pandemic storm" coming? WHO issued a warning!

      Is another “pandemic storm” coming? WHO issued a warning!

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      YC News

      Government subsidy, broken arm to save itself, Asia-Pacific aviation industry struggles to survive

      December 24, 2020
      in Business
      0
      Government subsidy, broken arm to save itself, Asia-Pacific aviation industry struggles to survive

      The Asia-Pacific region has been hailed as the “growth pole” of the global aviation industry, and airlines transport 40% of the world’s passengers. Most of the aircraft planned by Boeing and Airbus are delivered to Asia-Pacific Airlines. However, the COVID-19 epidemic has put everything to a standstill, and many booming airlines are struggling to die.

      According to the global air transport industry financial expectation report released by the International Air Transport Association in November, the total loss of Asia-Pacific airlines is expected to be $39.2 billion this year and next year. Passenger volume will also decline by more than 60% this year, and the total revenue of airlines will also decline by about 59%.

      Airlines have to rely on government subsidies to take measures such as grounding flights, restructuring, salary cuts, layoffs and other measures to help themselves through the difficulties.

      Hong Kong, China: The SAR government injects capital and shares in private companies for the first time

      Cathay Pacific Group is the largest airline in Hong Kong, China. After the outbreak of COVID-19, Cathay Pacific’s carrying capacity fell to a low point. In the first 10 months of 2020, the number of passengers carried decreased 84.6% compared with the same period last year, the capacity fell 76.5%, and the revenue fell 82.6%.

      On June 9, Cathay Pacific Group announced that it would implement a capital restructuring plan totaling 39 billion Hong Kong dollars. As an important source of funding in the restructuring plan, the HKSAR Government will rescue Cathay Pacific for the first time by injecting capital and holding shares in private companies.

      On October 21, Cathay Pacific once again announced its corporate restructuring, cutting about 8,500 jobs, stopping the operation of Cathay Pacific Dragon Airlines, and all employees will not receive salary increases in 2021. These measures have reduced Cathay Pacific’s monthly cash expenditure by about HK$500 million, or about 30%.

      Singapore: Issue bonds to raise funds

      Singapore Airlines in Southeast Asia has been ranked among the top three best airlines in the world for many consecutive years. However, as a city-based country, without the support of domestic flights, SIA has been particularly hit.

      According to the data released by SIA Group on November 6, due to a 98.9% decline in passenger volume, SIA lost a net loss of S$3.467 billion in the first half of the fiscal year to the end of August. To this end, Air China issued bonds and accessory shares twice, raising 9.65 billion Singapore dollars and announced 4,300 layoffs in September. The Singapore government has assumed up to 75% of the wages in this field.

      Wang Yikang, Singapore’s Transport Minister, said that the first task is to reconnect with the outside world as soon as possible and revitalize the status of the world’s aviation hub in the spirit of “taking the West”.

      South Korea: Open source and save money, passenger planes change cargo planes

      South Korea has two major airlines and seven low-cost airlines. In the second quarter of this year, the number of passengers on international and domestic routes of the nine South Korean airlines was only 5.57 million, a sharp decrease of 76.4% year-on-year. Among them, international routes have suffered a heavy setback due to the coronavirus epidemic, and the number of passengers has decreased by 97.8%.

      In order to open source and reduce traffic, airlines have invested in freight services. South Korea’s Ministry of Land, Infrastructure and Transport has also formulated benchmarks for the safety operation of passenger aircraft and freight, actively providing policy support. In fact, not only South Korea, but also Singapore Airlines has vigorously promoted the “passenger aircraft to cargo aircraft”. SIA Technology plans to renovate 25 to 30 old passenger aircraft every year.

      In addition, with the help of the South Korean government, Korean Airlines plans to acquire Asian Airlines. After the successful acquisition, Korean Airlines will be among the top ten airlines in the world, but it also raises concerns about industry monopoly.

      Australia, New Zealand: grounded, reorganized, layoffs and sold

      The aviation industry in Australia and New Zealand is equally bad. Towards the end of the year, the outbreak of COVID-19 in the northern beach area of Sydney, Australia’s largest city, followed by the spread of the epidemic locally. Australian states that have just opened their state boundaries to each other again tighten border control measures to prohibit or restrict the entry of residents from Sydney.

      Australia’s two major airlines, Qantas and Virgin Airlines, lost nearly 2.5 billion USD. Flights at Auckland Airport, New Zealand’s largest aviation hub, have dropped from an average of 2,000 to 100 per week.

      Airlines of the two countries have to seal up more than half of their aircraft, lay off 30% of their jobs, apply for government subsidies, and some airlines are even struggling to sell on the verge of bankruptcy.

      India: Restart domestic routes to relieve pressure

      In South Asia, India has more than 10 million confirmed cases of COVID-19, and about 3 million jobs have been lost in the aviation industry and related fields.

      Under economic pressure, India restarted domestic flights as early as May; India’s civil aviation department tried to restart international flights after January next year, but was worried that many countries affected by the epidemic might not open international flights to India.

      International Air Transport Association: return to pre-epidemic levels in 2024

      The International Air Transport Association said that with the emergence of vaccines, airlines do not expect cash flow to turn into surplus until at least the fourth quarter of 2021 and will not return to pre-epidemic levels in 2024. The road to recovery of the aviation industry is difficult and long.

      Tags: AsiaChinaEconomyHongkongWorldwide

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      Ahletner, chairman of Deutsche Bank, steps down

      Ahletner, chairman of Deutsche Bank, steps down

      May 19, 2022
      0

      Deutsche Bank, Germany's largest commercial bank, announced on May 19 local time that Paul Achleitner, the chairman of the bank,...

      Ukrainian customs officials confirmed that Ukraine is importing a large number of luxury cars in the name of military assistance, causing dissatisfaction among Ukrainian citizens.

      Ukrainian customs officials confirmed that Ukraine is importing a large number of luxury cars in the name of military assistance, causing dissatisfaction among Ukrainian citizens.

      May 17, 2022
      0

      According to the Russian Sputnik News Agency, Alexander Schutsky, deputy director of the Ukrainian Customs Administration, said on the 15th...

      U.S. gasoline prices set a new record again. media: It may exacerbate inflation

      U.S. gasoline prices set a new record again. media: It may exacerbate inflation

      May 17, 2022
      0

      May 17 - According to CNN, data released by the American Automobile Association showed that on the 16th local time,...

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      U.S. House Democrats have written a draft to impeach Trump

      Trump may exempt the Saudi Crown Prince who is accused of "chasing" former intelligence officials overseas.

      Pentagon: The Taliban failed to fulfill their commitments

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