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Singapore Airlines Load Factor Falls To 54%  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Posted (11 years 5 months 1 week 2 hours ago) and read 6643 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.

More information at the ChannelNewsAsia website

Information was gathered from the above hyperlinked webpage. Full information can be viewed by clicking the above hyperlinked webpage. Information was rephrased and not copied and pasted with the exception of quotes.


Anyone can fly, only the best Soar.
43 replies: All unread, showing first 25:
 
User currently offlineDutchjet From Netherlands, joined Oct 2000, 7864 posts, RR: 57
Reply 1, posted (11 years 5 months 1 week 2 hours ago) and read 6573 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.


User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Reply 2, posted (11 years 5 months 1 week 1 hour ago) and read 6548 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".



Anyone can fly, only the best Soar.
User currently offline777236ER From , joined Dec 1969, posts, RR:
Reply 3, posted (11 years 5 months 1 week 1 hour ago) and read 6542 times:

CX are amazingly liquid. How much cash do SQ have?

User currently offline9V-SPK From Hong Kong, joined Aug 2001, 1646 posts, RR: 6
Reply 4, posted (11 years 5 months 1 week ago) and read 6483 times:

Government would support SQ if needed.

HKG load factors around 33%.

Best Regards


User currently offlineClickhappy From United States of America, joined Sep 2001, 9633 posts, RR: 68
Reply 5, posted (11 years 5 months 1 week ago) and read 6476 times:
AIRLINERS.NET CREW
PHOTO SCREENER

who it is bad news for is Airbus and Boeing.

User currently offlineSQ772 From Singapore, joined Nov 2001, 1792 posts, RR: 5
Reply 6, posted (11 years 5 months 6 days 21 hours ago) and read 6414 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.



There's always a better way to fly...
User currently offlineDocpepz From Singapore, joined May 2001, 1971 posts, RR: 3
Reply 7, posted (11 years 5 months 6 days 19 hours ago) and read 6375 times:

No surprise that LAS will be closed down permanently since it's basically a flight serving HKG, not SIN.

With no end in sight for SARS in HKG, it is unlikely they will wanna reinstate LAS anytime soon.

ORD was only served thrice a week, via a very long routing via the atlantic, making it unpopular with business travellers.

Anyway, SARS is only a temporary thing. Why would they wanna shut over ten stations down PERMANENTLY? doesn't make sense.


User currently offlineDocpepz From Singapore, joined May 2001, 1971 posts, RR: 3
Reply 8, posted (11 years 5 months 6 days 19 hours ago) and read 6370 times:

By the way I'm surprised that SQ can still fill more than half its seats!

Anyway the SARS situation in Singapore is now under control and I hope that in a month, we will be declared SARS free.


User currently offlineEx_SQer From United States of America, joined Apr 2002, 1436 posts, RR: 5
Reply 9, posted (11 years 5 months 6 days 19 hours ago) and read 6373 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.



User currently offlineSQ772 From Singapore, joined Nov 2001, 1792 posts, RR: 5
Reply 10, posted (11 years 5 months 6 days 18 hours ago) and read 6305 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.




There's always a better way to fly...
User currently offlineEx_SQer From United States of America, joined Apr 2002, 1436 posts, RR: 5
Reply 11, posted (11 years 5 months 6 days 18 hours ago) and read 6296 times:

So, since the Asian Financial Crisis started in 1997, SQ has...

Opened: LAS and ORD (now both closing)
Closed: BKI, CNS, DRW, DUR, HGH, KCH, KHI, KTM, LHE, MFM, SDJ, SXF, VIE

SilkAir has (sorry most of these three-letter codes are too exotic for me to remember)...

Opened: Chengdu, Chittagong, Hyderabad, Kochi, Krabi, Macau, Palembang, Siem Reap, Trivandrum
Closed: Hat Yai, Kuantan, Pekanbaru.

Yes, I think the closure of these stations had been planned for some time now in the interest of rationalizing and removing those stations that didn't add any net benefit to the network.


User currently offline9V-SVA From Singapore, joined Aug 2001, 1860 posts, RR: 8
Reply 12, posted (11 years 5 months 6 days 17 hours ago) and read 6278 times:

SQ772, is it that bad? Ejazz, where are you? Oddly enough YVR, FCO, CPH etc are staying, as they make money as they are holiday destinations. YVR exists solely for ICN-YVR ops.

9V-SVA



9V-SVA | B772ER
User currently offlineSabena 690 From , joined Dec 1969, posts, RR:
Reply 13, posted (11 years 5 months 6 days 17 hours ago) and read 6282 times:

Where did you guys hear that BRU info?

SQ was for god sake looking to slightly increase the number of pax from BRU to SIN to give us our own B772!!!

It was even rumoured that after the temporarly suspension until may, we would get our B772!!

Is this confirmed already?  Crying

Regards
Frederic  Sad


User currently offline9V-SPK From Hong Kong, joined Aug 2001, 1646 posts, RR: 6
Reply 14, posted (11 years 5 months 6 days 16 hours ago) and read 6242 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.

Best Regards



User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Reply 15, posted (11 years 5 months 6 days 16 hours ago) and read 6238 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.

More information at the Reuters / Yahoo website



Anyone can fly, only the best Soar.
User currently offlineSQ772 From Singapore, joined Nov 2001, 1792 posts, RR: 5
Reply 16, posted (11 years 5 months 6 days 14 hours ago) and read 6175 times:

Sabena690...

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.



There's always a better way to fly...
User currently offlineDemoose From Canada, joined Mar 2001, 1952 posts, RR: 23
Reply 17, posted (11 years 5 months 6 days 14 hours ago) and read 6157 times:

Manchester Airport PLC have just announced some load factors of Far East flights for the first two weeks of April:

SQ SIN - MAN (now non-stop) = 84% Average Load factor using a 777-200ER
MH KUL - MAN = 82% Average load factor using a 747-400

Regards
Mark  Smile/happy/getting dizzy



Take a ride...fly across the sky
User currently offlineSQ772 From Singapore, joined Nov 2001, 1792 posts, RR: 5
Reply 18, posted (11 years 5 months 6 days 14 hours ago) and read 6147 times:

Actually LAS has not yet confirmed that will be closed permantly for sure.

SPK,

Actually, I was told that LAS and ORD are definitely closing for good (info coming from SQ's HQ). For once, I hope I got the wrong info.



There's always a better way to fly...
User currently offlineSabena 690 From , joined Dec 1969, posts, RR:
Reply 19, posted (11 years 5 months 6 days 14 hours ago) and read 6109 times:

Mistakes are fast made, about 'temporarly' and 'full' closures of routes.

I hope it's a mistake like above, SQ772...

How accurate is the info you normally get? Because SQ is the last airline with scheduled B747 services on a regular base in BRU  Crying

BRU spotters really love SQ, it would be sad to see them go...

@Singapore_Air: Is it really necessary to put the 'limited' always after Singapore Airlines? Use SQ or Singapore Airlines like every normal freak does, but the limited starts to become boring....

Regards
Frederic


User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Reply 20, posted (11 years 5 months 6 days 13 hours ago) and read 6100 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



Anyone can fly, only the best Soar.
User currently offlineSQ772 From Singapore, joined Nov 2001, 1792 posts, RR: 5
Reply 21, posted (11 years 5 months 6 days 13 hours ago) and read 6105 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.



There's always a better way to fly...
User currently offlineRyanair!!! From Australia, joined Mar 2002, 4755 posts, RR: 26
Reply 22, posted (11 years 5 months 6 days 9 hours ago) and read 5995 times:

For some reason, this all seems so surreal... SQ and the crisis. I guess this comes to show just how vulnerable the airline industry is to the happenings in the immediate environment.

@Singapore_Air: Is it really necessary to put the 'limited' always after Singapore Airlines? Use SQ or Singapore Airlines like every normal freak does, but the limited starts to become boring....

Sabena... after a while, it becomes a norm you just learn to live with it.



Welcome to my starry one world alliance, a team in the sky!
User currently offline9V-SPK From Hong Kong, joined Aug 2001, 1646 posts, RR: 6
Reply 23, posted (11 years 5 months 6 days ago) and read 5877 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.

Best Regards


User currently offlineRupertvander82 From France, joined Dec 2002, 411 posts, RR: 0
Reply 24, posted (11 years 5 months 5 days 23 hours ago) and read 5864 times:

I wonder how much of these services will be reinstated after the SARS crisis. Sad to say, but SQ's destinations has become more of a bore in recent years, cutting more exotic destinations.

I know it is the best for the company's finance though.

I just hope they will start to fly to Pakistan, Nepal etc. after things are cleared. And also, I would love to see them fly to Berlin!


25 ANA777master : I hereby dub thee, Singapore_Air, Minister of Doom, Discontent and Skepticism.[Edited 2003-04-17 05:56:08]
26 Post contains images SIA Fan : Oh no, I hope they don't really close ORD for good
27 Lj : SQ772, does this also mean permantly 3 flights less to Amsterdam as the ORD flight will go?
28 Manni : I'm afraid I picked up the rumour today at BRU aswell. SIA will stop flying scheduled passenger services to BRU. In addition to this, AA will stop fly
29 Ex_SQer : Lj, I don't think anyone has an answer to that question at this point in time. SIA is in a crisis situation and a lot of plans can change at the last
30 SQ772 : SIA Fan, I know for a fact that ORD is closing for good, and SQ staff have already received notification that they had been laid off. BRU's closure...
31 SIA Fan : SQ772, that's certainly bad news for me. After two years of enjoying the convenience of SQ 35/36, I guess it's back to EWR/JFK again. Do you know why
32 Ex_SQer : SIA started ORD in Aug 2001, and they suspended the service after 9/11.. so they've flown it less than two years. As for whether it could have worked
33 Docpepz : Ex SQer why is would MAN be operated daily for "political reasons"? Care to elaborate?
34 Donder10 : LHR slots
35 David_itl : Hopefully "political reasons" won't be needed for daily MAN...."heavy demand reasons" may be better - a recent service left 92% full (full Y class, 7
36 Docpepz : Full Y class 7 J class means low yields. SQ hates low yields!!! =) How would a daily MAN service affect LHR slots though, Donder?
37 SQ772 : Docpepz took the words right out of my mouth... fully agree, a full Y cabin does nothing to help an airline...pay for operating cost perhaps, but yiel
38 Docpepz : Hopefully SQ doesn't offload MAN to Silk Air! =) I think the BRU flights were also leaving pretty full in Y right? just that there were hardly any pas
39 David_itl : Hint: look at the thread title! To me, an empty seat produces no revenue, so surely it's better to get some revenue rather than none? Or perhaps we sh
40 Ex_SQer : Singapore and the UK have had longstanding bilateral issues. It is a really long and complicated issue, so here is the basic gist. SIA has had to figh
41 Post contains images David_itl : I believe the KUL-MAN service is like the SQ SIN-MAN service with plenty of Y class passengers,some J class. (It's known as northerners being tight w
42 Docpepz : Today, BA operates 4 744 flights a day from Singapore (2 to LHR, 1 to MEL and 1 to SYD) They used to do LHR-SIN-PER and LHR-SIN-BNE and if I remember
43 Ex_SQer : David: Actually, what SQ wanted in 1984 was double daily to LHR and flights to MAN (a distant second priority). The UK gave them the rights for MAN af
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