Home' Asian Aviation : AAV Feb 2012 Contents SINGAPORE AIRLINES
Singapore in Focus
In the six months ended 30 September, SIA Cargo
was operating a eet of 13 747-400 freighters, while
SilkAir s fleet comprised 13 A320-200s and six
"Capacity continues to be adjusted to match
demand across the group," SIA said. During the six-
month period, the parent airline added capacity to
growth areas such as Hong Kong, Guangzhou, Taipei,
Mumbai and Jakarta
SIA struck a cautious note regarding its outlook.
" e prevailing economic uncertainty and weak
consumer con dence are impacting demand for
air transportation," the company said. "Advance
passenger bookings are showing signs of weakness,
particularly in Europe and the United States.
Global purchasing manager indices have also fallen,
pointing to weaker demand for air freight. Both
passenger and cargo yields are therefore expected to
remain under pressure."
ese factors are exacerbated by high fuel costs,
compounded by a stronger US dollar. "For ward prices
for jet fuel remain high and volatile," the company said.
Even so, SIA stressed it has "a strong balance sheet and
in this di cult operating environment, will monitor
and respond appropriately to changing business trends
and continue to exercise tight cost control".
In May last year, SIA announced its intention to
establish a new no -frills, low-fare airline operating
widebody aircra on medium and long-haul routes.
" e new airline is being established following
extensive review and analysis," SIA said. "It will
enable the SIA Group to ser ve a largely untapped
new market and cater to the growing demand among
consumers for low-fare travel."
Called Scoot, the new carrier is expected to begin
operations with ser vices to Sydney, starting in mid-
2012. e airline will be wholly owned by SIA,
but will operate independently and have separate
"We are seeing a new market segment being created
and this will provide another growth opportunity
for the SIA Group," said SIA Chief Executive
O cer Goh Choon Phong. "As we have obser ved on
short-haul routes within Asia, low-fare airlines help
stimulate demand for travel, and we expect this will
also prove true for longer ights."
However, Goh stressed: "At the same time we
remain fully committed to the further growth of
SIA, which will continue to o er the highest-quality
products and ser vices to our customers."
Scoot is to begin operations with a eet of four
Boeing 777-200s and is expected to receive its Air
Operator s Certi cate in the rst quarter of this year.
"We are seeing a new market
segment being created and this
will provide another growth
opportunity for the SIA Group."
-- SIA Chief Executive Officer
Goh Choon Phong
As of 30 September, SIA's Airbus
A380 fleet numbered 14 aircraft.
1829 Airlines Contracts
370 739 559 USD Turn Over
161 Covered Countries
239 Airlines Customers
One APG Network
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