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SINGAPORE – Singapore Airlines (SIA) will cut capacity by 96 per cent, ground almost its entire fleet and impose cost cuts affecting about 10,000 staff because of coronavirus travel curbs it described as the “greatest challenge” it has ever faced.
The global aviation industry is struggling to absorb shocks from the pandemic, with airlines across the world grounding fleets, placing thousands of workers on unpaid leave and seeking state bailouts to survive the crisis..
The measures by SIA, majority-owned by state investor Temasek, follow Singapore’s decision to close its borders to stem spread of the virus.
“This will result in the grounding of around 138 SIA and SilkAir aircraft, out of a total fleet of 147, amid the greatest challenge the SIA Group has faced,” SIA said.
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