Singapore_Air From United Kingdom, joined Nov 2000, 13722 posts, RR: 20 Posted (10 years 7 months 3 weeks 5 days 13 hours ago) and read 5738 times:
It is with sadness and distress that I report that in the first week of April 2003, Singapore Airlines Limited's load factor fell to an average of 54% for passenger flights.
"It's very difficult to say how much can be attributed to the war or to SARS or the global economic slowdown which has been depressed for some time. But definitely SARS is having an impact in this region especially North Asia, Southeast Asia and the West coast of the US," said Rick Clements - Vice President of Public Affairs.
The Airline said that the North Asian, Southeast Asian and West Coast of the U.S.A. regions were most affected. "The way the year has started has been very difficult for all airlines, not just for us. There was a serious drop in traffic and we don't know how long this situation will last," he added.
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Dutchjet From Netherlands, joined Oct 2000, 7864 posts, RR: 58 Reply 1, posted (10 years 7 months 3 weeks 5 days 13 hours ago) and read 5668 times:
The SARS crisis has hit SQ and CX very badly - its interesting that while everyone was most concerned with how the Iraq situation would affect the airline business, the SARS illness may have a longer and more serious impact on airlines. People are simply not travelling at the moment, and, unless and until the SARS illness is better understood and treatments can be developed, it is unlikely that travel to and within certain destinations in Southeast Asia will rebound. I dont want to be gloomy, but SQ and CX may have some difficult times ahead.
What makes the situation even more difficult is that both SQ and CX fly only very large widebody aircraft (and SQ is supposed to phase the A310, its smallest type, very shortly).....both carriers cannot easily cut back on seats as they do not have smaller equipment. I realize that some flights are being cut and combined, but I am sure, during this difficult period, both airlines would prefer to send out a 738, A320 or a 757 with a 100 pax instead of flying a 777 or A330 with a similiar load.
Lets hope that the SARS mystery can be solved soon, most importantly for the people that are ill, but also for the airlines that are suffering very badly.
Singapore_Air From United Kingdom, joined Nov 2000, 13722 posts, RR: 20 Reply 2, posted (10 years 7 months 3 weeks 5 days 12 hours ago) and read 5643 times:
Revenue passenger kilometres fell 26% compared in he first week of April compared to the first week of April 2002.
Load factor fell to 54%.
Regions mentioned above most affected - in particular HKG, China and Vietnam.
Most capacity cuts to take place after 7 April 2003.
Singapore Airlines Limited sees a "very difficult year ahead".
SQ772 From Singapore, joined Nov 2001, 1792 posts, RR: 5 Reply 6, posted (10 years 7 months 3 weeks 5 days 8 hours ago) and read 5509 times:
Yes things appear to be bad in SQ.
Latest news is that with immediate effect, LAS and ORD will be closed down permanently. All staff have been laid off, closing down for good.
Other stations to be closed down (permanently) are KHH, HIJ, MRU and BRU, although the public line is that these stations will only be temporarily suspended. Sad news, many of these stations have been in the network for ages.
Ex_SQer From United States of America, joined Apr 2002, 1435 posts, RR: 5 Reply 9, posted (10 years 7 months 3 weeks 5 days 6 hours ago) and read 5468 times:
I had heard about KHH, but not the rest. HIJ doesn't surprise me, though - there was talk about closing it right after SDJ was closed, and they nearly didn't reopen ORD after the post-9/11 suspensions.
It's such a pity to see the SQ network shrinking, but at least management is being rational about stemming the drain on cash. BRU has been in the network since the 1970s, but a lot of the passenger traffic went to Indonesia and I guess the route might not be sustainable after the troubles started in 1997. MRU has been around since the 80s.
At least BRu and ORD will continue to see cargo ops.
SQ772 From Singapore, joined Nov 2001, 1792 posts, RR: 5 Reply 10, posted (10 years 7 months 3 weeks 5 days 5 hours ago) and read 5400 times:
I don't think the decision to permanently shut down those 6 stations is due solely to SARS.
I am sure SQ had in mind to cut those routes much earlier. They haven't been exactly the money spinning stations in recent years, and there just isn't a better time to use the current world situation around to rationalise its network.
9V-SPK From Hong Kong, joined Aug 2001, 1646 posts, RR: 6 Reply 14, posted (10 years 7 months 3 weeks 5 days 3 hours ago) and read 5337 times:
Indeed SQ's network has been shrinking...the latest was that they would start flights to Prague around a month ago when the SARS thing didn't really exsist through people's head.
Actually LAS has not yet confirmed that will be closed permantly for sure. Instead it seems that SQ will re-install the flights before SQ1/2 but that's only for now (I will keep that updated), if the situation becomes worse god knows.
Let's jsut wait how things go and hope for the best.
Singapore_Air From United Kingdom, joined Nov 2000, 13722 posts, RR: 20 Reply 15, posted (10 years 7 months 3 weeks 5 days 3 hours ago) and read 5333 times:
Singapore Airlines Limited shares fell 1.1% to S$8.75 after it warned of a hard year ahead and it also released some figures for the first week of April operations. RPK fell 26% compared to the week last year and load factor fell to 54%.
However, some analsysts saw reason for optimism from the numbers:
"SIA's preliminary data for April shows that its traffic is holding up far better than Cathay's," said a report by HSBC Securities, referring to Hong Kong's Cathay Pacific Airways Ltd.
SQ772 From Singapore, joined Nov 2001, 1792 posts, RR: 5 Reply 16, posted (10 years 7 months 3 weeks 5 days 1 hour ago) and read 5270 times:
Info about the closure of the 6 stations has not been announced to the public yet. Heard it from someone in SQ...and unfortunately BRU was mentioned. Lets just hope this staff was misinformed. It's sad to see SQ's network shrinking so badly.
Singapore_Air From United Kingdom, joined Nov 2000, 13722 posts, RR: 20 Reply 20, posted (10 years 7 months 3 weeks 5 days ago) and read 5195 times:
In addition, it will be interesting to note:
September 2001: RPK fell 5.4% comapred to the year before and load factor fell to 73.1%.
October 2001: Dunno
November 2001: RPK fell 13.1% comapred to the year before and load factor fell to 66.9%.
December 2001: Dunno
SQ772 From Singapore, joined Nov 2001, 1792 posts, RR: 5 Reply 21, posted (10 years 7 months 3 weeks 5 days ago) and read 5200 times:
Well, I cannot guarantee that my info is 100% accurate at this point.
But I am pretty confident that my source is reliable. I used to work for SQ, so I know the person who provided this info pretty well. I am almost sure he gave me the correct info because his department is usually one of the first to receive such news.
9V-SPK From Hong Kong, joined Aug 2001, 1646 posts, RR: 6 Reply 23, posted (10 years 7 months 3 weeks 4 days 11 hours ago) and read 4972 times:
SQ772, I hope you'd also be wrong! I'd just help you confirm more as my dad would definetely know more. But I guess they're just too busy these days figuring which SQ staff (HKG) they'd have to lay off if the SARS problem don't get dissolved.