SYDNEY (Reuters) – Singapore Airlines Ltd (SI:) said on Monday it would cut its capacity by 96% up to the end of April amid tightening border restrictions that bar foreigners from transiting its hub in an effort to stem the coronavirus pandemic.
It said the move would result in its grounding 138 of 147 planes at Singapore Airlines and regional arm SilkAir and 47 of 49 planes at low-cost carrier Scoot.
“It is unclear when the SIA Group can begin to resume normal services, given the uncertainty as to when the stringent border controls will be lifted,” the airline said.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
