Singapore Airlines’ traffic almost drops to zero

Parked Singapore Airlines planes at an airfield in Alice Springs, Australia

Singapore Airlines traffic has suffered a drastic 98.9 per cent drop in traffic in the first half of 2021 due to Covid-19 travel restrictions, the airline said in a release.

The city state’s flag carrier said that revenue declined 80.4 per cent to just $1.18 billion in the first half of the financial year ending September 30, while the group suffered a net loss of $2.52 billion in the period.

The group’s affiliates, SilkAir and Scoot, were also severely impacted by restrictions on international travel.

This, however, was partially offset by stronger revenue from cargo, which was up 28.3 per cent as countries sought to restore global supply chains.

Group-wide staff reduction

The airline further announced the reduction of about 4,300 staff across the three airlines. Other steps taken were salary cuts, a recruitment freeze, an early retirement scheme and a voluntary release scheme for staff.

Singapore Airlines said that it has concluded negotiations with Airbus on a revised aircraft delivery schedule incorporating deferrals for part of the aircraft on order. Negotiations with Boeing on aircraft currently on order are at an advanced stage. The group fleet currently consists of 222 passengers and cargo aircraft.

Currently, Singapore Airlines has parked 114 aircraft at Singapore Changi Airport, while 29 aircraft are stored in Alice Springs and the rest is in operation. The airline’s cargo network currently serves 61 cities as of September 30.

In the coming months, Singapore Airlines and SilkAir plans to reinstate passenger services to Brunei, Dhaka, Fukuoka, Johannesburg, Kathmandu, Male and Penang. Scoot will also resume services to Melbourne, while Singapore Airlines has announced that it would launch a three-times weekly non-stop service between Singapore and New York.



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Parked Singapore Airlines planes at an airfield in Alice Springs, Australia Singapore Airlines traffic has suffered a drastic 98.9 per cent drop in traffic in the first half of 2021 due to Covid-19 travel restrictions, the airline said in a release. The city state’s flag carrier said that revenue declined 80.4 per cent to just $1.18 billion in the first half of the financial year ending September 30, while the group suffered a net loss of $2.52 billion in the period. The group’s affiliates, SilkAir and Scoot, were also severely impacted by restrictions on international travel. This, however, was partially...

Parked Singapore Airlines planes at an airfield in Alice Springs, Australia

Singapore Airlines traffic has suffered a drastic 98.9 per cent drop in traffic in the first half of 2021 due to Covid-19 travel restrictions, the airline said in a release.

The city state’s flag carrier said that revenue declined 80.4 per cent to just $1.18 billion in the first half of the financial year ending September 30, while the group suffered a net loss of $2.52 billion in the period.

The group’s affiliates, SilkAir and Scoot, were also severely impacted by restrictions on international travel.

This, however, was partially offset by stronger revenue from cargo, which was up 28.3 per cent as countries sought to restore global supply chains.

Group-wide staff reduction

The airline further announced the reduction of about 4,300 staff across the three airlines. Other steps taken were salary cuts, a recruitment freeze, an early retirement scheme and a voluntary release scheme for staff.

Singapore Airlines said that it has concluded negotiations with Airbus on a revised aircraft delivery schedule incorporating deferrals for part of the aircraft on order. Negotiations with Boeing on aircraft currently on order are at an advanced stage. The group fleet currently consists of 222 passengers and cargo aircraft.

Currently, Singapore Airlines has parked 114 aircraft at Singapore Changi Airport, while 29 aircraft are stored in Alice Springs and the rest is in operation. The airline’s cargo network currently serves 61 cities as of September 30.

In the coming months, Singapore Airlines and SilkAir plans to reinstate passenger services to Brunei, Dhaka, Fukuoka, Johannesburg, Kathmandu, Male and Penang. Scoot will also resume services to Melbourne, while Singapore Airlines has announced that it would launch a three-times weekly non-stop service between Singapore and New York.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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