Singapore Airlines looking to cut costs

A day doesn’t seem to pass by without one airline or another announcing their latest cost cutting measures. Soon after the British Airways request for staff to work for free, Singapore Airlines have adopted a similar approach with it’s 2,300 pilots agreeing to take one day of unpaid leave a month, and the airline’s chief executive Chew Choon Seng agreeing on a 20% pay cut.

Singapore Airlines have attributed the drop in profits to weak travel demand and volatile oil prices – the driving factor, and perhaps even suitable excuse, for many airlines to cut back on capacity.

The buck doesn’t just stop there, with the current economic decline affecting not just the airlines, but ancillary services such as lounges at Singapore Airport through to the local hotels, restaurants and car hire.

We at gosimply.com are wondering if, given the current climate, you would take unpaid leave or a drop in pay?  Leave us a comment below and let us know.

This entry was posted on Monday, June 22nd, 2009 at 12:39 pm and is filed under Latest News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.