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SINGAPORE – More than 50 organizations have expressed interest in Singapore Airlines training programs launched last week, which will see the national airline’s trainers work with companies to design courses and instruct their employees in areas such as customer service.
SIA CEO Goh Choon Phong provided the update on Monday (November 9) when he laid out the group’s business strategy after it reported nearly $ 3.5 billion in losses during the six months through September last Friday.
He said the new training programs were one of SIA’s innovations in dealing with the impact of the coronavirus on the airline.
Along with other cost-cutting measures and businesses to increase revenue, such as the popular A-380 dining experience that sold out quickly recently, the airline has managed to reduce its bleeding from a rate of approximately $ 350 million a month in July to $ 300 million now.
Mr. Goh said: “We will continue to be very agile and flexible to see what other opportunities the market can bring … The market is very dynamic at the moment.”
The losses suffered in the six months to September have been primarily attributed to the massive drop in passenger numbers since Covid-19 arrived. The group was operating at about 9.5 percent of pre-Covid-19 passenger capacity in October, and expects it to return to 16 percent by the end of the year.
It has relied on cargo transport to mitigate the shocks that the pandemic has caused, even removing seats on planes to increase storage space on half-empty flights.
Goh said he was hopeful that with the new rapid testing regimes for Covid-19, more passenger flights could fly. In particular, the upcoming air travel bubble with Hong Kong, which will allow people on both sides to travel without quarantine, stay-at-home advisories or controlled itineraries, is “a very good example of how we can really open up and travel safely. way, “he said.
“All of these travel arrangements are supported by advances in testing protocols and the ability to test in the marketplace. We believe that continued investment in all of these testing schemes and approaches would further facilitate travel in the future.”
But he also warned that a second or third wave of the virus would clean up these achievements. Meanwhile, SIA will focus on strengthening its financial position through schemes such as the sale or lease of its planes, although it has yet to make a decision on the issuance of mandatory convertible bonds worth an additional $ 6.2 billion.
It will also strive to make operations more environmentally sustainable, in line with its commitment to reducing carbon emissions.
For example, you are considering using more biodegradable material like bamboo for your silverware and paper for your packaging, which can reduce the weight of your food trays by more than 50 percent.
It has also installed more than 9,700 solar panels in its offices.
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