Thursday July 13, 2006 | ${log.root}/lowem.log Inflation, Investing and Everything |
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business-times.asia1.com.sg : Air New Zealand said it was suspending services to Singapore and revamping other long haul services in a bid to improve profitability in the face of soaring fuel prices. The airline said it would also scrap services to Los Angeles, fly smaller aircraft to London and will review some of its Pacific services. The airline's daily services to Singapore would be suspended from Oct 2 because of low traffic, which had seen it incur heavy losses. Singapore Airlines is the only other airline flying directly between the two countries. Air New Zealand said it will suspend its loss-making daily flights between Auckland and Singapore from October to pursue more profitable destinations. Air New Zealand fills only 30% of capacity on the route. Most passengers travelling from Auckland to Singapore are connecting with other flights to the northern hemisphere. These passengers could be served through flights to Hong Kong, said Ed Sims, Air New Zealand's group general manager for international services. (2006-07-13 14:06:38 SGT)
[Biz]
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