The Australian, 17 Apr 2009, Teresa Ooi
"Aviation expert Derek Sadubin has warned that many international carriers will suffer a bloodbath as demand plummets, fares are slashed further and balance sheets go into the red in the face of one of the worst downturns ever experienced by the industry.
He predicted that Singapore Airlines would be next major carrier to slash its workforce in the wake of Qantas Airways' hefty cuts to its workforce and profit downgrade.
"Singapore Airlines will be the next big carrier to cut staff numbers," said Mr Sadubin, chief operating officer of the Centre for Asia-Pacific Aviation, an independent advisory body.
"While SIA has so far avoided job losses by asking staff to take no-pay leave, the airline may have little choice but to reconsider its position and look at its options again." "
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