SIA cancels more flights; assesses impact of Trump's Europe travel ban
Singapore
SINGAPORE Airlines (SIA) is evaluating the impact of the US' Europe travel ban on its operations even as it announced further flight cuts on Thursday owing to tepid travel demand following the Covid-19 virus outbreak.
The latest wave of capacity reduction - which will temporarily remove 15.6 per cent of capacity from its network - affects flights to destinations such as Rome and China. Most of the capacity cuts last until May, although a handful of flights, such as to Christchurch and San Francisco, are affected in June as well.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Frasers Property H1 profit slides 81% on property value losses, lower residential contributions
US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties
Barclays cuts jobs in energy transition team it only just built
UMS Holdings Q1 net profit drops 44% to S$9.8 million
SIA Engineering H2 profit rises 11.5% to S$37.8 million on robust aviation MRO demand
Great Eastern shares jump 39% as OCBC mounts S$1.4 billion privatisation bid at S$25.60 per share