×

Maintenance Repair & Overhaul Space Air Cargo

Home- Stories

COVID-19 Impact: SIA Cuts Capacity Further

: Mar 17, 2020 - : 12:44 pm

Singapore Airlines is suspending additional services across its network amid an unprecedented time in the airline industry, when countries around the world impose.

Today’s suspensions mean that SIA will operate only 50 per cent of the capacity that had been originally scheduled up to end-April. Given the growing scale of the border controls globally and its deepening impact on air travel, SIA expects to make further cuts to its capacity.

SIA CEO 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 company is actively taking steps to build up our liquidity. The SIA Group will also consult the unions once again as it urgently takes steps to further cut costs. Additional measures will be announced when they have been firmed up.

MORE NEWS

Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.

Popular Posts

Copyright 2024. GBP. All Rights Reserved.

Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us