Fast moving. And successful beyond belief. That this is the way we do it. Not only would start. On d w. Grounded and pounded financially a groan of ours crisis slams the brakes on air travel stripping German Airline giant tons or of any chance of turning a profit whens your next funds if you wait till 2024. What to do when you come to rwanda is amazing parks in person virtually. And we visit a german gingerbread maker hes already bracing for the Holiday Season the pandemic has taken a little spice out of the trade. And been fizzling lets do business the transit has just posted a one and a half 1000000000 euros loss for the last quarter thats not as severe as full cost but it still does well chief executive board doesnt expect the man to return to precrisis levels before 2024 echoing a warning from the International Air transport association. The skies are empty in germany the number of air travelers has dropped by 80 percent since the start of the corona Virus Outbreak and the situation in other countries is no different figures for january were normal in fact with a slight rise compared to the same time the year before but then the pandemic began and by april the aviation sector saw passenger numbers plunged by 94 percent the figure has recovered slightly but remains low the International Air transport Association Iata forecasts that falling passenger numbers will cost the business half its revenues for the year until the pandemic is under control air traffic has little chance to recoup its losses travel restrictions border closures plus mandatory Health Checks are all putting a damper on International Aviation also sales of lucrative Business Class tickets have plummeted as Video Conferencing replaces physical meetings as long as the virus continues to spread in major markets like the us many people prefer to stay home yes this is air travel probably wont get back to normal until 2024 and bridging that gap without serious losses will be impossible for most airlines well that day for no malady keeps getting pushed back by the year of investors are in for the long haul chris of kobo is following this story for us 1st off lets take a look at one of the airlines that hasnt folded the group has accepted about 11000000000 euros in aid from germany austria switzerland and belgium but most of its aircraft are grounded and the german state now and a 20 percent stake doesnt sound like good times. Not at all that doesnt sound like fun at all but if we look at the quarterly figures that most of the issue probably is. A net loss of 1500000000 euro that does sound dismal however it could have been worse were it not for a lift on the cargo arm that business prevented the steeper losses here and if we talk about the aid package. Numerous ministers here in germany promise that despite the state being the biggest shareholder do something now that politics will not interfere with the day to day management of the company and that is something that moves on the leadership of clean 2 because they know that without that help without the money look around them would have gone under so they did not have any choice point to accept the package and all the luggage that came with it because of his not all that much business to interfere with at the moment anyway i was talking to a lift on the Flight Attendant the other day who said since my watch a slowing twice thats not a successful Business Model but it is a fuel question of supply and demand. Well we see that airlines such as the no frills carrier easy jet are expanding their flight schedule there theyre offering more flights because theyre saying it is the Holiday Season here in europe and the travel restrictions have been eased in june and some people are taking flights their holiday destinations we also see that there are some long haul connection that are being offered now such as my company and i goofed on that it might be a different story on the long haul there because there is a survey out that is not particularly encouraging the International Association has been frequently asked in their frequent flyers about their attitude toward getting back into the sky and july survey says that out of the 5000. 00 people asked 83 percent were still feeling. Anxious or are were afraid of getting back into airports or airplanes because they feel that their health would be endangered thats it sounds like its going to be a long time for this 2024 days just briefly i reckon thats accurate. As we talk now yeah sure i mean but we see the state being pushed back further and further so it will be a long road to recovery will see tens of thousands of jobs being axed in the meantime and it is the worst year and then the asian history and it is going to leave its mark one way or the other i think a lot about news. Thank you very much for the pandemic is uprooted tourism worldwide putting many small and modern phrases on the brink for countries dependent on tourism like rwanda drive and businesses as being a bit of a blow in the capital kigali the lack of International Arrivals there is undermining many businesses but could digital vacations if one wanted to resume the. Rwanda is famous for its rare mountain gorillas the animals are a particular attraction for tourists from abroad but since the pandemic has been a big drop in visitors to the east african country sightseeing buses have become a rare sight in the capital kigali and most of their passengers are a wonder and during this period it was a very difficult because theyre busy and the business has almost 100 percent stopped. People are looking moving. Out of this tom. The ban on tourists entering the country from abroad was dropped in mid june but there are still few flights it doesnt make sense to offer many tours so the companys 13 employees are working and earning less. We are good with our stuff but we are temporary. Stop to get a small money to survive. The business this room. We continue. Patrick durango wants to offer tourists an alternative to actually being here hes taking photos of tourist hot spots in kigali the Entrepreneur OfficeVirtual Tours as yet on a small scale either online or using these video our glasses the tools should feel as real as possible like this one through a faithful recreate of a traditional royal residence. Before. People didnt or about the very trip tours the couldnt understand the idea behind but now were not talking about tours in 360. 00 he goes 1st because people are like a trainee visit this place without leaving my house. Hopes that even after the pandemic his virtual tour was more continue to enhance the Visitor Experience and that there are tracked more Foreign Tourists to rwanda in the meantime the government is providing loans to support the tourism sector. And particularly poor we had to. Fund that fund. For operations because we needed money for it but to go to city tour we are looking at to. Starting with domestic tourists but without foreign guests tourism in rwanda will remain a shadow of its former self there is some hope today the Volcanoes National park is open again and there are already bookings from european tourists for the summer. Through some of the other Corporate News stories manhattan prosecutors have subpoenaed Deutsche Bank a long time linda to us president dont trump its part of a wider investigation into trans Business Practices trump and his company about 2000000000 dollars over the past couple of decades Japanese Comic a toyota expects its profits to drop by 64 percent this fiscal year or so profits plunged in its 1st quarter at a comic or in sales points to the coronavirus as the main course. As fictions in the u. S. Continue to rise the dollar is taking another hit leading to gains for other currencies including the euro in recent months the main european currency has been climbing against the dollar it started the year at 1. 12 and is now hovering at around 1. 18. Lets go live to colorado who isnt in frankfurt can read is that the way things are going to stay strong euro and a weak dollar. It all depends of course on how the recession is tackled in europe and the return of our economies to growth and to an activity that warrants the backing off investors what i can tell you is this morning we got data that looks pretty positive factory orders in germany are on the rise in july the german manufacturers got 27. 9 percent more orders then in may the anticipation among economists had been an increase of 11 percent ok that is that good news we were waiting for think you can read books that. Gingerbread makers gearing up for a critical Holiday Season and things arent looking sweet im sorry the u. S. Imposed 25 percent tariffs on european cookies last year taking a big bite out of the business then came the pandemic. A heavenly a ray of gingerbread stars baked during the pandemic in the western german city of often the more than 300 year Old Lumber Company turns out 130000 tonnes of specialty is like these every here production is going ahead despite the coronavirus this is the shirt he made up by john of course its been an additional challenge for our employees having to wear masks and so forth but were tino we know whats at stake where a seasonal manufacture and now is the time when i prepare for christmas and for autumn on the outside. And that means ramping up output much of it is for the United States where lumber it says european assortment is a big hit but the companys owner is worried that this season could see his gingerbread exports crumble and bust by cold i cant say yet what the Coronavirus Crisis will do to us when our products start going on sale and temper on the job or at the moment we can see how badly hit america is by the virus for colnago toll from his an estimated 30000000. 00 u. S. Workers have lost their jobs due to the coronavirus with less money to spend they wont be buying cookies from europe compounding the problem are the punitive tariffs the u. S. Slapped on european goods last year such as a bad lead to declines of 21 percent in the german Confectionery Industry alone once once is puts into the future. This year the upcoming gingerbread season is likely to see the combined impact of the tariffs and the pandemic on the us market is built and most is going to lead to a massive drop in sales because certain upper limits on prices will have been broken assured given germanys confectionery sectors calling on the European Commission to take action to prevent a further escalation of punitive tariffs especially in times like these. I buy. Discounted and inexpensive but animals are suffering firemen is crying out. Resources. Price more on the place good is cheap. Made in germany. Next. Passion the drama competition rival marketing numbers atmosphere by the time intuition love money millionaire fans crime spiral spams and found. On youtube. In todays very polarized world there are still some things we can safely say unite us like food we all have to eat but were not only that simple who sells it and for how much is a deeply disputed topic when it comes to food can cheap be good our focus this week on made