Commentary

Changi, SIA not the only victims as industry faces headwinds

At Changi Airport, six SilkAir Boeing 737 Max aircraft have been parked since March, total freight handled every month continues to shrink year on year, and the 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.

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A version of this article appeared in the print edition of The Straits Times on June 04, 2019, with the headline 'Changi, SIA not the only victims as industry faces headwinds'. Print Edition | Subscribe