newstodate.aero
JUN 02, 2003 (newstodate): After a strong performance in the first half of its financial year ending March 1, 2003, Singapore Airlines is seeing gloomy prospects for the result from its Q1 this year.
For well-known reasons, the first quarter, April to June, is thus now expected to show a loss, the airline says in its financial report.
The prospects for cargo are also uncertain. Demand could soften because of reduced economic activity in major markets. However, this would be cushioned by cutbacks in passenger services, resulting in less bellyhold capacity. Cutbacks in freighter capacity cannot be ruled out, if the SARS situation worsens, the company says.
Singapore was, however, lifted off the official SARS-list last week, easing some of the pressure on the immediate outlook.
For well-known reasons, the first quarter, April to June, is thus now expected to show a loss, the airline says in its financial report.
The prospects for cargo are also uncertain. Demand could soften because of reduced economic activity in major markets. However, this would be cushioned by cutbacks in passenger services, resulting in less bellyhold capacity. Cutbacks in freighter capacity cannot be ruled out, if the SARS situation worsens, the company says.
Singapore was, however, lifted off the official SARS-list last week, easing some of the pressure on the immediate outlook.