SIA, hit by virus fallout, cuts more flights, runs at half its original capacity

SINGAPORE Airlines on Tuesday announced a fresh round of flight cuts as travel restrictions continue to surface amid the global Covid-19 pandemic.

The latest suspensions mean that the carrier will operate at only half the capacity that had been originally scheduled up to end-April, said the carrier in a statement. SIA is expecting to make further cuts to its capacity given the growing scale of the border controls globally and its"deepening impact" on air travel.

SIA chief executive Goh Choon Phong said: “We have lost a large amount of our traffic in a very short time, and it will not be viable for us to maintain our current network. Make no mistake – we expect the pace of this deterioration to accelerate. The SIA Group must be prepared for a prolonged period of difficulty."

The group further said it is actively taking steps to build up its liquidity, and will also"consult the unions once again" as it"urgently takes steps" to further cut costs.

Holiday Holiday Latest News, Holiday Holiday Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SIA waives rebooking fees for tickets issued on or before March 15SINGAPORE — National carrier Singapore Airlines (SIA) said it is waiving all rebooking fees for tickets issued on or before Sunday (March 15), for travel up to May 31, with immediate effect.
Source: TODAYonline - 🏆 1. / 99 Read more »

Coronavirus: SIA will waive rebooking fees for tickets issued on or before March 15, for travel up to May 31SINGAPORE - National carrier Singapore Airlines (SIA) is waiving all rebooking fees for tickets issued on or before Sunday (March 15), for travel up to May 31.. Read more at straitstimes.com. That’s the way to do business n retain loyalty customers. Well done, SIA! 👍👏🏻🙏
Source: The Straits Times - 🏆 8. / 63 Read more »

SIA shares at 15-year low as aviation, tourism stocks tank in S'pore in wake of Asean travel curbsSINGAPORE — Aviation and tourism-related stocks in Singapore tanked on Monday (March 16) as investors reacted to additional travel restrictions imposed by the Singapore Government over the weekend in a bid to slow the Covid-19 outbreak.
Source: TODAYonline - 🏆 1. / 99 Read more »