SIA plans wide-ranging steps to cut costs
SIA is pursuing more than 50 cost-cutting initiatives including reducing fuel burn and reviewing its relationship with key suppliers as part of a 3-year plan to make the airline more competitive, a newsletter to staff shows. Both SIA and rival Cathay Pacific Airways have come under pressure due to growing competition from Chinese and Middle Eastern rivals. Both also lack domestic flight markets to help offset the international competition. SIA set up a dedicated transformation office to review its strategy in May after a surprise Q4 loss although it not released a cost-cutting target. CE Goh Choon Phong said in September the airline was working on 56 initiatives, which also include more self-service options for customers and reducing in-flight food and beverage wastage. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-10-09/star/sia-plans-wide-ranging-steps-to-cut-costs
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SIA plans wide-ranging steps to cut costs
SIA is pursuing more than 50 cost-cutting initiatives including reducing fuel burn and reviewing its relationship with key suppliers as part of a 3-year plan to make the airline more competitive, a newsletter to staff shows. Both SIA and rival Cathay Pacific Airways have come under pressure due to growing competition from Chinese and Middle Eastern rivals. Both also lack domestic flight markets to help offset the international competition. SIA set up a dedicated transformation office to review its strategy in May after a surprise Q4 loss although it not released a cost-cutting target. CE Goh Choon Phong said in September the airline was working on 56 initiatives, which also include more self-service options for customers and reducing in-flight food and beverage wastage. <br/>
