Singapore Air Slashes Freighter Capacity 20% on Demand Slump

Singapore Airlines Ltd., the world’s second-biggest carrier by market value, cut freighter capacity by 20 percent because of slumping demand and higher fuel prices.

The cuts took effect recently and will continue into the next operating season, which starts in late March, the carrier said in a statement yesterday. The reductions mainly affect long-haul routes, it said without elaboration.