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Singapore Airlines cut Vancouver
Source: Agencies |
February 16, 2009, Monday
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Print Edition
Print Edition
SINGAPORE Airlines Ltd said that it will suspend flights to Vancouver, Canada, from April as the economic crisis erodes demand for travel.
The carrier flies to Vancouver by Seoul three times a week. The suspension is indefinite and the last flight will be on April 25.
"The decision to suspend service is most regrettable as Singapore Airlines has served Canada for over 20 years," the airline said in a statement released Saturday.
Singapore Airlines said last month that it planned to cut flights to the United States, Europe and Asia as demand dried up. The airline said last week its October-December profit fell 43 percent as it flew 4.2 percent fewer passengers.
Singapore is facing its worst recession since 1965, when it became a republic, as exports plummet. Gross domestic product shrank an adjusted, annualized 16.9 percent in the fourth quarter, and the government expects GDP this year to contract up to 5 percent.
The carrier flies to Vancouver by Seoul three times a week. The suspension is indefinite and the last flight will be on April 25.
"The decision to suspend service is most regrettable as Singapore Airlines has served Canada for over 20 years," the airline said in a statement released Saturday.
Singapore Airlines said last month that it planned to cut flights to the United States, Europe and Asia as demand dried up. The airline said last week its October-December profit fell 43 percent as it flew 4.2 percent fewer passengers.
Singapore is facing its worst recession since 1965, when it became a republic, as exports plummet. Gross domestic product shrank an adjusted, annualized 16.9 percent in the fourth quarter, and the government expects GDP this year to contract up to 5 percent.
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