WINGS From Portugal, joined May 2005, 2831 posts, RR: 70 Reply 1, posted (7 years 2 weeks 1 day 4 hours ago) and read 3109 times:
Quoting Singapore_Air (Thread starter): Singapore Airlines Group has just announced a profit of S$1.241B / US$792 267 000
Congratulations to SQ. At a time in which SQ is facing stiff competition and escalating fuel prices, they are still able to deliver an excellent result.
Timboflier215 From United Kingdom, joined May 2005, 1238 posts, RR: 1 Reply 5, posted (7 years 2 weeks 1 day 3 hours ago) and read 2815 times:
All very interesting, thank you Singapore_Air! When SQ have finished recieving all their 777s and 380s, and decomissioning their 744s, are they looking at a net fleet increase or decrease, both in terms of numbers of a/c and numbers of seats?
Timboflier215 From United Kingdom, joined May 2005, 1238 posts, RR: 1 Reply 7, posted (7 years 2 weeks 1 day 3 hours ago) and read 2786 times:
Nice, thanks for the prompt reply. Any idea how this will pan out over the long-term, will they get rid off all their 744s once the 380s and 773s come on stream? And will their fleet remain around the 100 a/c mark, or are they planning further expansion?
Singapore_Air From United Kingdom, joined Nov 2000, 13711 posts, RR: 21 Reply 8, posted (7 years 2 weeks 1 day 2 hours ago) and read 2749 times:
The Board of Directors met this month to consider 3 fleet types:
1) ULR (Nothing vs. B772LR)
2) LR (Probably A388 / A389 / A388R vs. B748i)
3) Next Generation (A350-900/A350-1000 vs. B789/B787-10X)
Evidently we have nothing to hand.
I think the plan is to get rid of all the B744s. They are ageing and appear to break down a lot.
SIA has stated to staff that it will have a long haul fleet strategy comprising of A380s and B77Ws. Obviously this has changed now that the A350/B787 has come into the fray, as well as the B748i which seems impressive on paper.
WINGS From Portugal, joined May 2005, 2831 posts, RR: 70 Reply 9, posted (7 years 2 weeks 1 day 2 hours ago) and read 2691 times:
Quoting Singapore_Air (Reply 9): The Board of Directors met this month to consider 3 fleet types:
1) ULR (Nothing vs. B772LR)
2) LR (Probably A388 / A389 / A388R vs. B748i)
3) Next Generation (A350-900/A350-1000 vs. B789/B787-10X)
1)Nothing Vs B777LR? We all can agree that the A340-500HGW has a higher fuel burn but it is in no way obsolete. The A340-500HGW is still a good candidate for SQ fleet if offered at a good price.
2) The A388/9/R do not compete directly with the B748i. SQ have spoken that they rather misuse the A380 rather than having another type in their fleet. I would expect an B748F order for their cargo arm.
3) Still early to say. I'm eagerly awaiting more info into the proposed A350/A370. If the numbers are correct don't be too surprised to see an order to replace most of their B777. I suspect that the even the current B787-10 is still too small for their needs.
Zvezda From Lithuania, joined Aug 2004, 10511 posts, RR: 65 Reply 10, posted (7 years 2 weeks 23 hours ago) and read 2498 times:
Quoting Singapore_Air (Reply 9): I think the plan is to get rid of all the B744s.
As of a few months ago, the plan was to retire the last B747-400 in 2011.
Quoting WINGS (Reply 10): The A340-500HGW is still a good candidate for SQ fleet if offered at a good price.
The deal that SQ asked Airbus for was to buy back their five A340-500s and then lease ten A340-500s to them for 5 years. There was quite a bit of negotiation, but I'm not sure how close they got on the terms.
Quoting WINGS (Reply 10): SQ have spoken that they rather misuse the A380 rather than having another type in their fleet.
That was well before Boeing launched the SuperJumbo.
WINGS From Portugal, joined May 2005, 2831 posts, RR: 70 Reply 12, posted (7 years 2 weeks 23 hours ago) and read 2431 times:
Quoting Zvezda (Reply 11):
The deal that SQ asked Airbus for was to buy back their five A340-500s and then lease ten A340-500s to them for 5 years. There was quite a bit of negotiation, but I'm not sure how close they got on the terms.
People on A.net automatically assumed that the B777-200LR was a sure bet with SQ. I find it rather hard to believe that Airbus would not be willing to negotiate to the very end for them to continue with the A345 fleet.
Quoting Zvezda (Reply 11): That was well before Boeing launched the SuperJumbo.
That's correct although they have been misusing their B777-200 on regional routes rather than acquire the A332/3.
If Airbus do indeed go forward with the A350-1000 than I'm sure that the B748i will be even less attractive for them.
Zvezda From Lithuania, joined Aug 2004, 10511 posts, RR: 65 Reply 14, posted (7 years 2 weeks 18 hours ago) and read 2204 times:
Quoting WINGS (Reply 13): If Airbus do indeed go forward with the A350-1000 than I'm sure that the B748i will be even less attractive for them.
I don't think the A350 will be relevant to SQ plans to replace their JumboJets because the latter are all due to be retired by the end of 2011. Realistically, SQ's options for replacing the JumboJet are more B777-300ER, the B747-8I SuperJumbo, and more of the VLA the endearing nickname of which is unmentionable on A.net.
It was reported today that SQ will by 31 March 2007 retire 5 JumboJets and take delivery of 9 B777-300ERs and 7 unmentionable VLAs. 10 B777-300ERs and 3 unmentionables remain to be delivered for some combination of growth and replacing the last 22 JumboJets. That means that SQ will need to take delivery of a minimum of 9 more JumboJet replacements by the end of 2011. Since some B777-300ERs will be used for growth and some will be used to replace B777-200ERs, there could be as many as 19 JumboJets with replacements yet to be ordered. A realistic range would be 12 to 18. Considering the likelihood that SQ will order the B747-8F, a B747-8I order would not be a huge surprise though, if it were to be placed this year, I would expect the order to be 10 firm plus 5 to 10 options.
Singapore_Air From United Kingdom, joined Nov 2000, 13711 posts, RR: 21 Reply 16, posted (7 years 2 weeks 6 hours ago) and read 2023 times:
This is not an article or press release or copyrighted
Singapore Airlines Group has just announced a profit of S$1.241B / US$792 267
000
Revenue rose to a record S$13.341B / US$8.5B
Group fuel expenditure rose to a record S$4.24B / US$2.7B, up 57.5%
Group expenditure excluding fuel declined 1.4% to S$7.888B / US$5.01B
Singapore Airlines Limited:
Capacity grew 4.6%
The Airline carried a record 16 995 000 passengers (up 6.6%)
Passenger load factor went up 1.5% to 75.6%
Passenger yield went up 5.0% inclusive of fuel surcharges to S¢10.6 / US¢
6.767 per km
Passenger unit cost went up 7.1% to S¢7.5 / US¢4.788 per km
Hence, the breakeven load factor rose 1.5% to 70.8%
Fuel accounted for 34.9% of expenditure (up 9.8% from last year)
The average jet fuel price in the year rose to US$76.25 per barrel (up
39.7%)
Fuel surcharges only recovered up to 50% of the fuel increase
Subsidiaries:
Singapore Airport Terminal Services (sats) - one with you - recorded a
12.4% increase in profit to S$188.6M / US$120.4M
SIA Engineering Company (SIAEC) - no slogan - increased its profit by 35.3%
to S$230.6M
SIA Cargo - We've Got What It Takes - made a profit of S$135.3M / US$86.4
M
SilkAir - The Regional Wing of Singapore Airlines - contributed S$20.6M /
US$13.2M
Fleet Development:
In this year, specifically between November 2006 and 31 March 2006, SIA will
receive 7 A380-800s and 9 Boeing 777-300ERs. 5 Boeing 747-400s will be
decomissioned from service.
Network:
Singapore Airlines Limited has already increased frequencies to ADL (now daily), TPE (now thrice daily) and PEN (now thrice daily). In the Northern Winter schedule (from
October 2006), the Airline will add another service to Shanghai Pudong making
it 5x Daily. The Airline has already announced the commencement of services to MXP and BCN.
Capacity will grow in total by 4%.
Divestment:
Minister Mentor Lee Kuan Yew suggested (strongly) that Singapore Airlines Group should divest its subsidiaries, Singapore Airport Terminal Services (sats) and SIA Engineering CompanY (SIAEC). Mr. Chew commented that the board has taken this into consideration at their last board meeting this month and reviewed the options thoroughly. However there was no concensus and the board would make an annoucement when appropriate.
When pressed, the issues to deal with are the fact that SIAEC and sats are both very profitable and efficient and it just remains to be seen how much more profitable and efficient they can become. There is also the H.R. factor.
Fleet Growth:
The Board of Directors has issued a mandate for the Airline to enter "final
negotiations" with Airbus and Boeing (listed alphabetically). The outcome
depends on the "response from the manufacturers".
Source: Combination of Singapore Airlines Limited Financial Results meeting, SIA Training Centre | Singapore Airlines Limited News Release
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