Singapore Airlines Cargo has begun a weekly cargo flight to Hartsfield-Jackson International Airport using 747-400 freighter aircraft which will return to Singapore via Europe and the Middle East. … [Read more...] about SIA starts new freighter service to Atlanta
Singapore Airlines Cargo
First quarterly loss in six years for SIA
Singapore Airlines has posted its first quarterly loss since 2003, with a S$307.1 million (US$212.6 million) loss that compared to a S$358.6 million profit in the fiscal first quarter of 2008-09. The global economic downturn, swine flu and unfavorable fuel hedges dragged the carrier into the red. Group revenue during the quarter ended June 30 dropped 30.5 per cent to S$2.87 billion while expenses were reduced 15.8 per cent to S$3.19 billion. A S$287 million loss on fuel hedges partially offset … [Read more...] about First quarterly loss in six years for SIA
SIA/Emirates ordered to cooperate with investigation
Singapore Airlines and Emirates have been forced by the Australian Competition and Consumer Commission (ACCC) to cooperate in the ACCC's investigation into price-fixing after a Federal Court judge ruled that air cargo bound for Australia from overseas was not beyond the definition of a "market in Australia" under the Trade Practices Act. The airlines also lost the argument that the ACCC had failed to consider the burden imposed on the airlines in providing the documents, which cover a six-year … [Read more...] about SIA/Emirates ordered to cooperate with investigation
