Singapore Airlines

Singapore Airlines' profit nose-dives

February 13, 2009 by Payload Asia

Singapore Airlines has posted a fiscal third-quarter net profit down 43 per cent amid significant fuel-hedging losses, shrinking demand for cargo and passenger travel. Of the parent airline's four other business units - SATS Group, SIA Engineering, SilkAir and SIA Cargo - the cargo division was the only one to turn in a loss, amounting to S$46 million (US$30.4 million), compared with a profit of S$73 million for the same period a year earlier. SIA Cargo carried 14.2 per cent less freight (in … [Read more...] about Singapore Airlines' profit nose-dives

Air France joins SIA, MAS withdrawl from Chennai

February 9, 2009 by Payload Asia

Chennai is seeing a contraction of services as Air France has advised the Airports Authority of India (AAI) that it would be withdrawing its three-times weekly service out of Chennai from end-March, joining Singapore Airlines and Malaysian Airlines who have already cut their daily services to Chennai. … [Read more...] about Air France joins SIA, MAS withdrawl from Chennai

Delta aims to trim 2,000 staff

January 19, 2009 by Payload Asia

Delta Air Lines, which took over rival Northwest Airlines last year, said it expects about 2,000 staff to opt for early retirement as it aims to trim capacity by up to 8 per cent this year. The latest move by the world's biggest airline highlights a trend among major airlines trying to ride out the global economic recession. In December, Delta, which has about 75,000 staff worldwide, said it would offer employees severance packages, but it didn't say how many jobs it aimed to cut. "We are … [Read more...] about Delta aims to trim 2,000 staff