Singapore Airlines (SIA) saw its cargo load factor for December drop 6.8 percentage points to 55.2 per cent from 62 per cent a year earlier while passenger load factor dropped 4.4 percentage points to 79.9 per cent from a year earlier. As a result of the falling demand the carrier is cancelling more than 200 flights from now until the end of March. In a circular to travel agents earlier this week, SIA said it would reduce the number of flights to Shanghai, Hong Kong and Guangzhou in China, as well as to the Indian cities of Mumbai and New Delhi. Travellers heading to the Australian cities of Perth, Sydney and Brisbane, as well as those bound for London and Zurich will also have fewer options to choose from. In all, 214 flights will be cut – comprising less than three per cent of the airline’s total, but a key indicator of where SIA sees the market heading.