Aviation companies slash prices, waive fees as virus outbreak persists

SATS announces pay cuts for senior staffers; some aviation-related counters have taken a beating in the market

Vivienne Tay

Published Mon, Mar 9, 2020 · 09:50 PM

Singapore

SINGAPORE'S aviation industry is bracing for the Covid-19 outbreak disruption to persist, with companies in the sector implementing pay cuts and slashing flight prices and change fees.

And while analysts have so far viewed the outbreak as a temporary setback for the sector, aviation-related counters such as Singapore Airlines (SIA), SATS and SIA Engineering have taken a beating since the situation escalated in early February.

On Monday, airport and food services provider SATS announced a 15 per cent pay cut for its president and chief executive A…