Highlights

Singapore Airlines cuts flights worldwide as local Covid-19 cases rise to 77

 Publish date: Tue, 18 Feb 2020, 1:38 PM

SYDNEY: Singapore Airlines Ltd will temporarily cut flights across its global network in the three months to May, it said on Tuesday, as the Covid-19 coronavirus epidemic hits demand for services to the Asian city state, as well as through the key transit hub.

Key affected destinations include Frankfurt, Jakarta, London, Los Angeles, Mumbai, Paris, Seoul, Sydney and Tokyo, the airline said on its website.

"Singapore Airlines and SilkAir will temporarily reduce services across our network due to weak demand as a result of the Covid-19 outbreak," the carrier said.

"We will continue to monitor the situation and make further adjustments as necessary."

It declined to say what percentage of capacity it had cut in response to a query from Reuters, citing commercial sensitivity.

The cuts follow major reductions already announced in services to mainland China and Hong Kong. In the Dec quarter, flights to mainland China made up 11 per cent of capacity for the airline, and more than that for budget arm Scoot.

"It's not a surprise to see some cuts in flights, given the weak forward bookings that can be expected from the current environment," said DBS analyst Paul Yong.

Demand on flights to South Korea and Japan had been hit hardest after China, Yong quoted Singapore Airlines' management team as having told analysts at a results briefing on Monday.

Those were the areas of the biggest cutbacks in Tuesday's announcement.

Singapore reported two new cases of the virus late on Monday, bringing the tally of infections on the island to 77 - the highest outside mainland China, where more than 1,800 people have been killed in the epidemic.

Last week, the Asian tourism and travel hub said it expected visitor numbers to drop by a quarter or more this year, hit by the virus outbreak.

Besides visitors to the city-state, Singapore Airlines also relies heavily on transit traffic. Premium travel has suffered after many business events were cancelled across Asia because of the virus.

Hong Kong-based rival Cathay Pacific Airways Ltd has said it is cutting 40 per cent of capacity across its network, up from 30 per cent earlier, due to weak demand.- Reuters

Share this

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards
 
 

138  251  415  1405 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 AGES-PA 0.015+0.005 
 HIBISCS 0.465+0.015 
 LAMBO 0.010.00 
 ARMADA 0.17+0.005 
 VELESTO 0.165+0.005 
 SAPNRG 0.10+0.005 
 MINETEC 0.175+0.005 
 HSI-C9J 0.165+0.02 
 HSI-H8M 0.505-0.10 
 HUBLINE 0.0450.00 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers