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Changi Airport, SIA not the only victims of industry downturn as trade war bites
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National carrier Singapore Airlines reported that despite record revenues and passenger loads, profits for the year to end-March fell by 47.5 per cent to $683 million.
PHOTO: ST FILE
Karamjit Kaur
SEOUL - At Changi Airport, six SilkAir Boeing 737 Max aircraft have been grounded since March, the total freight handled every month continues to shrink year on year, and growth in passenger traffic is starting to slow down.
A few weeks ago, national carrier Singapore Airlines (SIA) reported that despite record revenues and passenger loads - the average number of seats filled per aircraft - profits for the year to end-March fell by 47.5 per cent to $683 million.
