16.03.2020 – 11:47
Corona Virus Update Germany March 16, 2020
Corona Virus Update Germany March 16, 2020
Corona Virus is the absolutely dominating topic in all kind of media and our life.
Concerning crisis management in Germany, you need to have in mind, that Germany is a federal state. Neither our Ministry of Health nor our Ministry of Interior can decide what to do in Germany, decisions are in hands of the 16 federal states and the 400 local health offices. Nevertheless, both Ministries plus the entire government under the leadership of Chancellor Angela Merkel and all 16 Federal Prime Ministers are working close together to fight against Corona and giving advises what to do. The Ministry of Business and Economy and the Ministry for Labour is working on support plans for the German companies.
The Federal Foreign Office advises against all trips abroad: "It is currently not advisable to travel abroad," the Federal Foreign Office wrote on its website. There are drastic restrictions worldwide due to measures against the coranavirus and the risk of stranding on the way is great. In many countries "drastic restrictions in international air and travel traffic, quarantine measures and restrictions in public life are expected", the Berlin authority said. "The risk that you will no longer be able to start your return journey due to the increasing restrictions is currently high in many destinations." The Federal Foreign Office complained that changes to the entry and quarantine regulations due to the corona virus were made without prior notice and with immediate effect. "Many travelers in several countries are currently affected and prevented from traveling on or back."
The joint crisis task force of the Federal Ministry of the Interior and the Federal Ministry of Health aims to contain the spread of the virus in Germany and to break infection chains when people arrive in this country. Therefore, Germany largely closed its borders with France, Austria, Switzerland and Denmark at 8 a.m. today.
- Many kindergarden and schools are closed. - First German cities like Berlin and Dusseldorf have closed restaurants, bars, shopping center, sports clubs etc. - The Dax is now below the 9000 point mark. At shortly after 9 a.m. it was 8715 points, which was a minus of 5.6 percent compared to the final score on Friday. - North Rhine-Westphalia reports the sixth death, Bavaria the fourth. - Austria's government is imposing exit restrictions for the whole country. From Monday, violations can result in fines of up to 2,000 euros. - Deutsche Bahn will significantly restrict its regional traffic in the next few days. The company is thus responding to the small number of passengers - Throughout Germany, the Robert Koch Institute reported 4,838 cases of infection by Sunday evening. - Alle norddeutschen Inseln für Touristen gesperrt: Whether Sylt, Amrum, Föhr, Nordstrand and Fehmarn, Rügen, Usedom, Hiddensee or Poel: Holidays on the northern German islands have not been possible for an indefinite period of time since this morning.
TUI temporarily suspends vast majority of all travel operations due to COVID-19
Guidance for FY 2020 withdrawn - Application for State aid guarantees decided
“In this rapidly changing environment the safety and welfare of our guests and employees worldwide remains of paramount importance and thus TUI Group has decided, in line with government guidelines, to suspend the vast majority of all travel operations until further notice, including package travel, cruises and hotel operations. This temporary suspension is aimed at contributing to global governmental efforts to mitigate the effects of the spread of the COVID-19.
In light of, this situation, the Executive Board has decided today to withdraw the Financial Year 2020 guidance as communicated on 11 February 2020. Furthermore, the Executive Board also refrains from issuing a new guidance for the Financial Year 2020 under the current circumstances.
Due to the unprecedented escalation of COVID-19, the Board of TUI are continuously evaluating the situation and are considering a variety of actions to support our customers, colleagues and stakeholders.
The Group has cash and available facilities of approx. €1.4bn and year-to-date performance had been in-line with expectations prior to COVID-19. We are taking substantial cost measures to mitigate the earnings effect. Moreover, we have decided to apply for state aid guarantees to support the business until normal operations are resumed.”
Lufthansa Executive Board proposes to suspend the dividend payment and decides on further measures to limit the financial impact of the corona Crisis.
Due to travel restrictions and the closure of many cultural attractions, Studiosus will cancel all trips worldwide until March 22nd. Numerous states have imposed entry bans on citizens from Germany, Austria and Switzerland. An increasing number of states are also drastically restricting public life. Last but not least, cultural events, sights, restaurants and accommodation facilities are affected.
Many cruises will pause until end of April.
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