Second pay cut in one month for SIA Engineering management as company scrambles to tighten costs

SINGAPORE (Apr 2): SIA Engineering (SIAEC) is ramping up its cost saving measures as the global economy grapples with an unprecedented collapse in demand for air travel due to the Covid-19 outbreak


Global airlines raised more than US$17 bil from banks in weeks

(Mar 29): Airlines worldwide raised more than US$17 billion ($24.3 billion) in bank loans in March to shore up their finances amid the coronavirus outbreak.


Down but not out: Aviation workers take on temp public service roles amid suspension of flights

SINGAPORE (Mar 27): Steep cuts to airline operations amid the Covid-19 outbreak might have led to the grounding of thousands of workers in Singapore, but some employees at aviation firms here have


Covid-19 could be impetus for MAS-AirAsia merger

(Mar 27): As airlines around the world take more drastic steps to continue operating as the Covid-19 outbreak virtually halts all travel, they are also calling for government support.

US Economy

Winners and losers in US$2 tril virus rescue plan passed by Congress

(Mar 27): Days of negotiations between the Trump administration and Congress — and fierce lobbying by industries eager for assistance dealing with the coronavirus outbreak — has yielded a rescue pa


Desperate airlines switch passengers for cargo to stay alive

(Mar 26): Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones and Kore


Large airlines could have 'adequate liquidity' but weaker players may be pushed to default amid virus outbreak: Moody's

Singapore (Mar 23): Large airlines have adequate liquidity to manage through a fairly significant short-term disruption through June, and a continuing but more moderate disruption through the third


SIA slashes capacity by half, warns of further cost and capacity cuts

SINGAPORE (Mar 17): Singapore Airlines (SIA) is now operating at half of its original capacity, as countries around the world close borders in a bid to protect themselves against the escalating Cov


Airport passenger traffic in Asia-Pacific set to plunge 24% in first quarter

(Mar 9): Airport passenger traffic in the Asia-Pacific region is expected to take a 24% hit in the first quarter from the coronavirus, leading to a US$3 billion ($4.2 billion) decline in airport re


Coronavirus outbreak could cost airlines up to US$157 bil in lost revenue: IATA

(Mar 6): The novel coronavirus outbreak will cost the airline industry US$63 billion ($87 billion) to US$113 billion in lost revenue from passengers this year, the International Air Transport Assoc

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