SINGAPORE - Singapore Airlines will cut capacity by 96%, ground almost its entire fleet and impose cost cuts affecting about 10,00 staff because of coronavirus travel curbs it described as the"greatest challenge" it has ever faced.
"This will result in the grounding of around 138 SIA and SilkAir aircraft, out of a total fleet of 147, amid the greatest challenge the SIA Group has faced," SIA said. "It's important to have access to liquidity, to pay leases, to pay employees and to be able to continue to function. This is a positive, but the cost of funding remains uncertain," said K. Ajith, an analyst at UOB Kay Hian.
In a report issued on Monday before the announcement, UOB Kay Hian said SIA needed"backstop liquidity" of at least S$5 billion by June.
காரோனோ வைரஸ் என்ற கிருமி இந்த உலகை விட்டு முழுவதுமாக நீங்க உங்கள் குடும்பம்,தொழில்,உடல் நலம் காப்பு பெற வாழ்க வளமுடன் வாழ்க வளமுடன் வாழ்க வளமுடன்