• About Us
    • Fact Checking Policy
    • Ownership & funding information
  • Volunteer
    • Internship with The Online Citizen
  • Donation
  • Subscription
  • Letter submission
    • Submissions Policy
  • Contact Us
  • zh-hans 简体中文
  • en English
The Online Citizen Asia
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
No Result
View All Result
The Online Citizen Asia
No Result
View All Result

SIA: 96% of flight cancellations to be extended until end-June

by Has
27/04/2020
in Business, Current Affairs
Reading Time: 2min read
0

Photo: businessinsider.my

Wide-ranging flight cancellations have been extended for another month by Singapore Airlines (SIA), following its announcement of a one-month extension just four days prior.
Amid a drastic drop in demand for air travel and travel restrictions worldwide, this means that 96 per cent of its scheduled flights until the end of June will be cancelled.
At the end of March, the first round of cuts was announced, and it was originally for flights which had been scheduled for the end of April.
SIA stated in a notice on its website that it would adjust its services in accordance with the developments of the COVID-19 situation.
For flights that were cancelled by SIA or SilkAir, affected customers will keep the full value of the unused portion of their tickets as flight credits. When they rebook their flights, they will also obtain bonus flight credits.
More information can be found on SIA’s website regarding its cancellation policy.
During the extended-cuts, the flight destinations of SIA will be restricted to only 15 cities until the end of June.
Prior to the crisis, SIA served about 140 destinations in more than 35 territories and countries, and it was the 15th biggest airline group in the world.
With assistance from Temasek, SIA is looking to raise up to S$15 billion by issuing mandatory convertible bonds to raise S$9.7 billion, as well as issuing new shares to current shareholders to raise around $S5.3 billion.
Airlines all over the world have also been struggling to endure the impact of the COVID-19 pandemic.
According to the International Air Transport Association (Iata) on 14 April, this year’s global airline passenger revenues could drop by US$314 billion (S$447 billion), which is 55 per cent lower compared to last year.
The biggest revenue decline at US$113 billion (S$160.69 billion) will be experienced by airlines in the Asia Pacific this year compared to 2019. Passenger demand will also decline by 50 per cent this year compared to the previous year.
“The situation is deteriorating,” remarked Conrad Clifford, Iata’s Regional Vice-President for the Asia-Pacific region.
“We have seen the first airline casualty (Virgin Australia) in the region. There will be more casualties if governments do not step in urgently to ensure airlines have sufficient cash flow to tide them over this period,” he added.
On 21 April, SIA handed control of Virgin Australia, which it owned by 20 per cent, to administrators.

Share this:

  • Twitter
  • Facebook
Tags: COVID-19
Subscribe
Connect withD
Login
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
Notify of
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
0 Comments
Inline Feedbacks
View all comments

Recent Posts

  • “So now it’s Singaporeans’ fault?”: Netizens question as Minister Lawrence Wong warns additional measures may be considered to control COVID-19 community cases
  • Chinese city rushes to build massive COVID-19 quarantine centre
  • Borrower demand in Asia has increased since the start of the pandemic: Robocash Group
  • SDP’s youth wing expresses concern over Dover Forest redevelopment plan; calls Gov’t to pay attention to nature conservation
  • WP’s Yee Jenn Jong presents copy of his book ‘Journey in Blue’ to Senior Minister Tharman Shanmugaratnam
  • Man rips LGBT Pride flag off grain bowl restaurant counter, hurls abuse at staff at Lau Pa Sat outlet
April 2020
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
27282930 
« Mar   May »
  • About Us
  • Volunteer
  • Donation
  • Subscription
  • Letter submission
  • Contact Us

© 2006 - 2021 The Online Citizen

No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
  • Subscribers login

© 2006 - 2021 The Online Citizen

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply