Aviation
SIA's losses could amount to over $1b in FY2021
SIA's losses could amount to over $1b in FY2021
The drop in oil prices will not save them as well.
Daily Briefing: Singapore's aviation hub status left in limbo amidst COVID-19; Cruise passenger traffic down 52%
And marketing tech company AnyMind Group has acquired India’s POKKT Mobile Ads.
SIA halves capacity
They also stated that further capacity cuts are underway.
Scoot to offer voucher refunds in full
This will be available for bookings made on or before 15 March.
SIA Group's passenger load factor down 12.1 ppt in February
Its passenger carriage slid by 17% YoY.
SIA to waive rebooking fees
This will be applied to tickets issued on or before 15 March.
Passenger movements in Changi down 32.8% in February
Traffic to major travel markets declined across the board including China (-92%).
SIA announces more flight cancellations
Some flight cancellations are extended until July.
SIA needs to be mindful of capacity cuts with EU obligation
It has been cutting capacity across the globe due to drop in passenger volumes.
SIA expands list of flight suspensions
Affected flights include South Korea, Japan, Taiwan and more parts of Southeast Asia.
SilkAir to indefinitely suspend Hiroshima flights starting 27 March
This was caused by slow demand due to COVID-19.
China Aviation Oil 2019 profits up 6.36% to $99.83m
Its total supply and trading volume rose 5.97% to 36.93 million tonnes.
Changi's passenger movements up 5.2% in January
All regions saw growth in passenger movements for the month.
SIA freezes hiring for ground positions over coronavirus concerns
The group earlier suspended numerous flights to mitigate the outbreak’s impact.
SIA suspends selected scheduled flights until May
The group stated that this will cause a 7.1% fall in the scheduled capacity.
ST Engineering unit secures 30 aircraft engines
The deal includes about $358m of fixed rate notes offered in three tranches.
Changi Airport to give tenants 50% rental rebates
The rebates will be available to over 500 retail and F&B stores.
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