Moderators: jsumali2, richierich, ua900, PanAm_DC10, hOMSaR

 
factsonly
Topic Author
Posts: 3059
Joined: Mon Aug 06, 2012 3:08 pm

SQ reports negative performance in August 2016

Sat Sep 17, 2016 1:59 pm

Singapore Airlines reported some surprisingly negative performance data in August 2016.

SQ - August 2016:
Passenger numbers: 1.6 million, -5.7% year-on-year;
Passenger load factor: 80.0%, -5.7 ppts;
- East Asia: 78.6%, -4.5 ppts;
- Americas: 83.5%, -4.5 ppts;
- Europe: 80.8%, -8.0 ppts;
- South West Pacific: 82.3%, -6.8 ppts;
- West Asia and Africa: 71.7%, -2.3 ppts;
Capacity (ASKs): -0.3%.

The cooperation SQ-LH should see a pay off on European services, but apparently isn't.
Or is it all EK, QR and EY's fault.

- SilkAir Loadfactor: Passenger load factor 71% -5.2 pts
- SCOOT: Passenger load factor 80.4% -4.8 pts
- Tigerair: Passenger load factor 82.2% -2.9 pts
- SQ Group: Passenger load factor 79.7% -5.2 pts



http://www.singaporeair.com/saar5/pdf/I ... -aug16.pdf

If this is a trend for the airline, than the competitive environment is indeed very challenging at present:
Last edited by factsonly on Sat Sep 17, 2016 2:02 pm, edited 1 time in total.
 
infinit
Posts: 1058
Joined: Thu Jul 31, 2008 1:12 am

Re: SQ reports negative performance in August 2016

Sat Sep 17, 2016 3:35 pm

August 2016 clearly was a bad month but the previous seven months of the year have fared a lot better.

Things are tough for SQ but they are clearly a very well-managed airline- they've never posted a lost to say the least. I have no doubt they'll post a net profit this FY around the level of last year's at least.. I believe it was around $800 million
 
flythere
Posts: 207
Joined: Sat May 22, 2010 3:24 pm

Re: SQ reports negative performance in August 2016

Mon Sep 19, 2016 5:36 am

Silk air has a constantly low load factor... Why don't they build the fleet with smaller aircrafts
 
User avatar
LAX772LR
Posts: 13555
Joined: Sun Nov 09, 2014 11:06 pm

Re: SQ reports negative performance in August 2016

Mon Sep 19, 2016 6:22 am

This is 2 months after their codeshare with UA had begun. IINM, it's limited to just IAH routes for now?

Would imagine that bringing LAX and SFO into it would help with the N.Am numbers. Would also bode well for SQ returning to EWR, than consolidating at JFK.
I myself, suspect a more prosaic motive... ~Thranduil
 
AngMoh
Posts: 1074
Joined: Fri Nov 04, 2011 5:03 am

Re: SQ reports negative performance in August 2016

Mon Sep 19, 2016 8:26 am

This kind of stuff you can not compare on a month by month basis. Last year had an unusual month of August. There were the SG50 celebrations with an additional public holiday and associated additional travel. Last year Singapore in August was unusually alive. This year it was a normal boring month. This numbers only make sense if you look at quarterly or half-yearly basis.

Tigerair and Silkair are hardly flying to cities where the ME3 have any impact.
727 732 733 734 735 73G 738 739/ER 742 743 744/M 752 753 762 772 77E 773 77W 788 A300 A310 A319 A320 A321 A332 A333 A343 A345 A346 A359 A35K A388 DC-9 DC-10 MD11 MD81 MD82 MD87 F70 ERJ145 E170 E175 E190 E195 ATR72 Q400 CRJ200 CRJ700 CRJ900 BAE146 RJ85
 
User avatar
TheFlyingDisk
Posts: 2186
Joined: Mon Jun 09, 2008 12:43 pm

Re: SQ reports negative performance in August 2016

Mon Sep 19, 2016 11:02 am

Could the slowing economy have an effect on the numbers? Even trivial stuff like the attendance of yesterday's Singapore GP was said to have been affected so I'm not surprised travelling passengers are also seeing reductions.
I FLY KLM+ALASKA+QATAR+MALAYSIA+AIRASIA+MALINDO

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos