SIA slashes cargo capacity

STRUGGLING Singapore Airlines Cargo will reduce capacity on its 13 747-400Fs by at least 20 per cent in response to the slow market.

The reductions were implemented recently and will continue into the northern hemisphere summer operating season, which starts late next month.

“With no improvement expected in the first half of this calendar year, and with stubbornly high fuel prices pushing up costs, we have taken appropriate action to reduce our freighter operations to better match capacity to demand,” SIA cargo president Tan Kai Ping states.

Operational resources have been scaled back but SIA has not made any employees redundant.

Earlier in February Singapore Airlines posted a 53 per cent fall in its third quarter net profit and expects a continued decline amidst sluggish demand and rising fuel costs.

Share this story

Related Topics

Latest news

Blue Dart sees profits rise in Q2

By Roger Hailey

India’s Blue Dart Express handed its staff a $352 bonus after posting a ₹414m ($5.6m) profit after tax for its…

Read More

Share this story

Logistics Plus branches out into the cargo charter market

By Roger Hailey

Logistics Plus (LP) has created a dedicated LP Air Charter Group within the company to focus on expanding its air…

Read More

Share this story

Fraport to develop a cargo handling data exchange

By Roger Hailey

Frankfurt Airport management company Fraport is developing FRA-OS, a digital data exchange platform for cargo handling at Germany and Europe’s…

Read More

Share this story