Flight date changes are only applicable if the new travel date commences before Mar 31, 2021. This service is not intended for persons residing in the EU. Cargo was profitable in the June quarter, helping partially offset huge losses which amounted to S$1.12 billion, including a S$464 million charge for fuel hedge ineffectiveness.The fuel hedge ineffectiveness charge became necessary as SIA had to adjust capacity plans for the remainder of the current fiscal year due to the slower than expected recovery of the international market, resulting in a significantly lower projected fuel uplift and therefore a higher than initially expected fuel hedge surplus.The S$464 million is on top of a S$710 million fuel hedge ineffectiveness charge for the current fiscal year that SIA was required to incur in March, when it was anticipating a faster recovery of the international market.The SIA Group will likely incur an annual loss of roughly S$3 billion for the year ending March 2021. “Singapore Airlines is suspending additional services across its network amid an unprecedented time in the airline industry,” it said in a news release on … Several island destinations in ASEAN and Maldives could benefit from such a scheme, providing a safe holiday option for Singapore residents while generating additional traffic for airlines, airports and hotels to help the travel sector partially recover during this very challenging period.However, so far there has been a lack of initiative to establish protocols and programs to restart leisure travel or international tourism within Asia.Singapore may consider such schemes but forging agreements with other countries is a very slow process and a multilateral framework is really required for the current logjam to be broken.The ASEAN Secretariat would be an ideal platform for facilitating the reopening of international travel but so far there has been no progress in establishing a multilateral framework for travel bubbles in Southeast Asia or Asia overall.Unfortunately, the SIA Group and Changi Airport passenger traffic will remain at 1 per cent, or at most 2 per cent, its normal level without meaningful travel bubbles open to a wider group of passengers.The SIA Group carried only 38,000 passengers in the June quarter, a staggering 99.6 per cent decline compared to the same period last year, with an average load factor of only 10.2 per cent compared to 83.4 per cent a year ago.Traffic is likely to only improve slightly in the current September quarter despite an increase in capacity as demand and load factors remain very low.Only 33 of the group’s 213 passenger aircraft are currently being used for passenger flights, most of which are generating more cargo than passenger revenues.SIA Group is also using 32 of its passenger aircraft and all seven of its freighters for cargo only-flights. No. Mediacorp Pte Ltd. All rights reserved. Singapore Singapore: Electronic monitoring devices compulsory for travelers arriving in Singapore during their 14-day quarantine period from August 11 /update 19. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners. Any transaction you haven't completed on this page of our new website will no longer be valid.© 2020 Singapore Airlines. All the latest breaking news on Singapore Airlines. News Alert Full History Singapore: Singapore Airlines and SilkAir reduce flights March-May 2020. Extension of Flight Credits to 30 June 2021 Meanwhile, cabin crew members serving the last year of their current contract will be able to receive pro-rated gratuity without having to complete their current contract. meREWARDS lets you get coupon deals, and earn cashback when you complete surveys, dine, travel and shop with our partners SINGAPORE: Singapore Airlines (SIA) is offering its cabin crew members the option of early release or retirement, as it seeks to further cut costs and mitigate the impact of the COVID-19 outbreak.The COVID-19 Voluntary Release Scheme is also open to cabin crew members who are on probation, and will come with payouts and benefits, an SIA spokesperson said on Wednesday (Aug 12). Singapore Airlines holds off launch of new First and Business Class seats. Singapore Airlines Group and Changi Airport passenger traffic could remain at 1 per cent of normal levels for at least several more months, says Brendan Sobie.SINGAPORE: The second half 2020 outlook for Singapore Airlines (SIA) and Singapore’s aviation sector has gone from bad to worse over the last few months due to a slower than initially expected resumption of international air travel.Passenger traffic is likely to remain at around 1 per cent of normal levels until travel bubbles are established that go beyond essential business traffic and do not have onerous restrictions, including quarantine requirements, which inhibit demand.Travel bubbles or green lanes would facilitate a partial recovery but so far only two have been established and neither will drive significant passenger traffic.The “fast lane” between Singapore and China was implemented in early June but has generated very little traffic given numerous restrictions and limitations.There are currently only 11 weekly flights from Singapore to mainland China, including four by the SIA Group and seven from Chinese carriers.The frequency of flights is insufficient to support two-way business travel, which the fast lane was set up for, and almost all the passengers on the limited flights now consist of students or workers heading home or back to school and work.The Reciprocal Green Lane (RGL) with Malaysia that is being implemented later this month is limited to only 400 business travelers per week.There is a separate Periodic Commuting Arrangement (PCA) with a much larger quota of 2,000 travelers per day but this is limited to commuters – Malaysians working in Singapore or Singaporeans working in Malaysia – using the two land borders to return home for visits a maximum of once every three months.For the RGL, travelers can fly or use the land borders with applications being accepted by both countries from Aug 10, but the tiny quota will result in very limited demand for flights.There are currently 17 weekly flights from Singapore to Malaysia: 11 by the SIA Group – eight to Kuala Lumpur and one each to Ipoh, Penang and Kuching –  four by Malaysia Airlines to Kuala Lumpur and two by Jetstar Asia to Kuala Lumpur.AirAsia has announced the resumption of flights to Singapore from Aug 17 with an initial schedule of 11 weekly flights, including seven from Kuala Lumpur and one each from Ipoh, Kuching, Kota Kinabalu and Penang.Malaysia’s Malindo also has announced the resumption of flights to Singapore from Aug 18 with one daily flight from Kuala Lumpur.However, the combined 35 weekly Singapore-Malaysia flights, now scheduled from mid-August, will have very light loads given the RGL will generate at most 800 passengers per week.Malaysia and Singapore will need to expand the RGL quota or open up PCA to include air travel for 35 weekly flights to be supported.Airlines are hoping the PCA will permit flights in the future given that a large portion of Malaysians working in Singapore are not from Johor.However, it could be several months before the PCA is expanded and onerous restrictions, including multiple PCR tests and stay home notices, could also impact demand.Other green lanes are under consideration but, if implemented, are also likely to have a minimal impact on air traffic given the limitations and restrictions.Second waves in several countries are also impacting the possible timing of establishing more green lanes.The prospects of green lane or travel bubbles that generate significant passenger traffic are grim for at least the remainder of 2020, resulting in a gloomy outlook for Changi Airport and the SIA Group.The outlook for 2021 is also now bleak as international travel may not start to recover in earnest until there is a vaccination.Restarting leisure travel, which would result in more significant passenger traffic than essential business travel schemes, is potentially feasible during the pandemic by establishing protocols and programs.For example, travel could be restricted to select destinations where the virus has been contained with passengers transported straight from the airport to specific resorts and not being permitted to leave the resort.

Perform search. SINGAPORE: Singapore Airlines (SIA) is taking more steps to manage costs, announcing further pay cuts for management staff and a salary reduction of 10 per cent for other employees. By the end of October 2020, the Group’s passenger capacity will reach approximately 8% of its pre-Covid-19 levels.All flights are subject to regulatory approvals. SINGAPORE Airlines (SIA) will likely see a delay in the launch of its new First and Business Class seats, which were poised to debut on the Boeing 777 … By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners. 01 Aug 2020. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners.

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