Singapore Airlines (SIA) – arguably among the world’s best-run, most profitable major airlines in the past – has announced a whopping loss for the April-June quarter of this year, blaming the world economic crisis, the H1N1 pandemic and losses on fuel hedging.
Not mentioned by the airline, but possibly another factor, is an ongoing boycott by Indian travel agents furious at having had their 5% commission on ticket sales cancelled. The boycott has been going on since the end of last year, and means that anyone in India wishing to travel by SIA can now book only at the SIA offices there, or online. Lufthansa and British Airways, too, are being boycotted for the same reason. [Read more…]