Bloomberg.com, 16 Feb 2009, Chan Sue Ling
Feb. 16 (Bloomberg) -- Singapore Airlines Ltd., Asia’s most profitable carrier, will slash seat capacity 11 percent as the global recession hammers demand for air travel.
The airline will take 17 passenger planes out of its fleet in the fiscal year beginning April, it said in a statement to the Singapore stock exchange today. The carrier had earlier planned to remove four planes from its fleet of 102 aircraft before the recession deepened.
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