Singapore Air CEO Sees Risk to Cargo Yields Beyond Trade
- Lighter load factor seen with capacity-demand balance: Goh
- Airline is in discussions with Changi Airport over new fees
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As the brewing trade battle between the U.S. and China threatens to slow demand for air freight, the market is also facing pressure as demand gets in line with supply, according to the chief executive officer of Singapore Airlines Ltd.
“From a business perspective, we would like to see countries around the world to work together to grow the economy, rather than contributing to the slowdown,” Goh Choon Phong said in an interview with Bloomberg Television’s Ramy Inocencio. Last year “was a great year for cargo,” Goh said, as an unanticipated jump in demand outpaced capacity.