(March 18th 2020) - Singapore Airlines (SIA) has announced plans to cut flight capacity by 50% as more countries tighten border restrictions due to the ongoing COVID19 pandemic. The flight suspensions are expected to last till end April 2020, with the possibilities of continuing on the premise that the COVID19 crisis prolongs further.
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 taking further steps to weather the financial situation brought on by the COVID19 pandemic, in what the airline has called " an unprecedented time in the airline industry".