Singapore Airlines Ltd, the world’s largest airline by market value, will reduce some flights to destinations in the US, Europe and Asia as the global recession cuts travel demand.
Singapore Air, which gets about 40 per cent of revenue from premium travel, faces shrinking margins as job losses and a freezing of corporate travel budgets erodes demand for the most- expensive seats.
The carrier is reducing its Hyderabad, New Delhi and Mumbai routes each by one trip per week and suspend two services to Bangkok, the company said. It’s suspending two services to London and reducing flights to Zurich to five times a week from seven, the company said.
Singapore Air will also reduce its all-business class flights to Los Angeles and Newark to five trips a week from seven previously.
Singapore Air, however, is adding flights to Kuwait and Cairo, the company said.- Bloomberg