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Saturday, 5 January 2013

SIA asks captains to volunteer for unpaid leave

Singapore Airlines has asked its captains to volunteer for unpaid leave amid a global economic slowdown that has dented long-haul travel demand, the airline said Saturday.

The move came nearly a year after the company -- considered a bellwether for the full-service airline industry -- made a similar offer to its first officers.

The airline has also frozen its intake of cadet pilots as part of a slew of cost-cutting measures.

"Singapore Airlines (SIA) began offering voluntary no-pay leave to first officers in March last year and subsequently to captains who expressed interest," company spokesman Nicholas Ionides said in a statement emailed to AFP.

SIA has "a temporary surplus of pilots and are managing it through this scheme, which is entirely voluntary", Ionides said.



He added that "the surplus of captains is limited and we regard it as temporary".

SIA has more than 2,400 pilots -- mostly captains and first officers.

The global financial crisis had led to excess capacity and slower growth that anticipated, Ionides said.

"This voluntary scheme will enable us to address the short-term surplus, while at the same time provide staff with the opportunity to take leave for personal reasons should they wish to do so," he said.

SIA saw its net profit in the first-half of the current fiscal year ending March fall by 30 per cent year-on-year, weighed down by high fuel prices and weak demand in the travel and cargo markets.

This followed a 69 per cent plunge in net profit in the carrier's financial year ended March 2012.

- AFP/fa

8 comments:

Anonymous said...

I am a pilot but without much money. How am I going to repay my housing mortgages which is $1.5 million if I have to go on no pay leave? Please help.

Anonymous said...

BT: Can you post something about Clement XXX, the SIA PR guy who showed care and compassion to relatives of pax in SQ006? Do you know him? I know he has left SIA.

boh tong said...

Yes Rick Clement was the VP Public Relations then. Do you have a story to tell about him? I can post it in my blog.

Anonymous said...

So, profit is down. Has SIA ever thought of going into other businesses? If SMRT be in condo business, why can't SIA do something other than airlines? May be it should capitalize on the Singapore Girls image and excellent service. SIA Cafe or Silverkris Cafe (theme restaurant), SIA Cabin (resort/hotel), SIA Solitaire (casino, this one sure make $), SIA Boutique (duty free physical stores).......

Bizness minded. said...

Good suggestion. I believe SIA management should think out of the box. Shareholders are interested in reaping good dividends so SIA should do more than just giving 6 cents dividends like the last one.

Anonymous said...

SIA bosses are not capable enough. They are mostly grads who put on blinkers not like Michael Tan and Lim Chin Beng.
BT, perhaps you can be a better management staff and I do not mean a CCE or AM or a Manager. I think you should be deputy CEO.

boh tong said...

Me assistant ceo? Dun joke lah. When I was there they dun even want me as their AM. But thanks anyway.

Anonymous said...

Here is a link of Rick Clements' company, still operating in Singapore. I am sure SMRT and SBS Transit do not hire him to help in crisis communications, otherwise the public communications during all the train disruptions and bus captain strike will not be in a mess. Why? Because those organizations are headed by former government scholars or high ranking SAF officers who know how to handle crisis.

http://rcapr.com/

We miss you Rick....and I hope you are reading this blog.