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Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

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The company's third-quarter profit increased by 8.8 percent.

Emirates ramps up operations over summer to serve strong travel demand

    • Airline will operate flights to 124 destinations in July, close to 90% of pre-pandemic network

    • Expands A380 network to 15 cities, operating 129 weekly services on 30 aircraft

    Dubai: Emirates, the largest airline in the Middle East, has said it is ramping up its operations and expanding services across its network to meet strong leisure travel demand over the summer, as entry restrictions ease for travelers.

    In a statement, the airline said it has been gradually and safely rebuilding its route network and advancing its strategy to optimize its presence in key markets to serve leisure and growing business travel demand, as well as segments of travelers visiting friends and relatives.

    Currently, Emirates serves 115 global passenger destinations, and by the end of July, it will have recovered close to 90% of its pre-pandemic network, operating 880 weekly services across 124 cities.

    The airline will resume services to seven cities in July including Venice on 1 July; Phuket, Nice, Orlando and Mexico City on 2 July; Lyon on 9 July and Malta on 14 July.

    Emirates will also launch flights to Florida’s second-largest city and one of the world’s most popular holiday spots, Miami, starting 22 July.

    Sheikh Ahmed Bin Saeed Al Maktoum, Emirates chairman, said the airline was encouraged by the latest developments as many countries have begun to turn the page and reopen for international visitors.

    “We are seeing strong signs of pent-up demand wherever restrictions have eased,” he said.

    On Tuesday, the Emirates Group announced that the airline reported a net loss of AED 20.3 billion (US$ 5.5 billion) over the past year due to travel restrictions sparked by the Covid-19 pandemic.

    Airline capacity reduced to 24.8 billion ATKMs, with aircraft fleet size reduced by 11 aircraft, the airline said.