Hard on the heels of its loss in the first six months of its financial year, Singapore Airlines finds signs of life in the October operating statistics released this morning.
It’s sober reading for those who depend on air transport, with passenger numbers substantially below the levels of a year earlier. However Singapore Airlines has in [...]
Tag Archives: GFC
The Pulse, Singapore Airlines finds one
November 17, 2009 – 10:40 am
Is Cathay Pacific also a canary about to sing again?
November 12, 2009 – 12:40 pm
After comparing Singapore Airlines to a canary in a mine shaft yesterday it is only fair to suggest that Cathay Pacific may also be about to return to song, indicating that the toxic trading conditions of the GFC are receding.
In its guidance on its mixed October operating statistics, Cathay Pacific says:
“The seasonal upturn in our [...]
Singapore Airlines reports smaller losses and signs of recovery
November 11, 2009 – 11:26 am
If airlines are the canaries in the mine shaft when it comes to the economic environment, then Singapore Airlines is more firmly gripping its perch but not yet in song.
It has just reported a quarterly loss of $SIN 159 million, compared to $SIN307 million in the previous first quarter of its financial year which ends [...]
No sign of recovery for Singapore Airlines
October 16, 2009 – 12:29 pm
Singapore Airlines has not replicated the early signs of recovery seen in the comparable Cathay Pacific statistics in its operating results for September.
The airline boarded 10% fewer passengers in September than a year earlier (compared to a fall of only 2% for Cathay Pacific), and flew 7.9% less measured by revenue passenger kilometres. Singapore [...]
Cathay Pacific September stats show signs of recovery
October 13, 2009 – 12:12 pm
Cathay Pacific has become the first major Asia-Pacific carrier to post September operating statistics that show real signs that stronger regional economic activity is reviving business travel and the export of high value consumer goods and components by air freight.
Cathay Pacific General Manager Revenue Management Tom Owen said: “September saw a welcome [...]
The shape of jets to come, maybe?
September 18, 2009 – 2:06 pm
This design (above) graces the overnight update to the Airbus Global Market Forecast to 2028.
Is it a successor to the A380, already? Or intended perhaps to fill the size gap between it and the A350-1000? Or is it just a fantasy, like the original shark fin concept of how the Boeing 787 Dreamliner was (never) [...]
Signs of recovery in Cathay Pacific & Dragonair
September 15, 2009 – 11:06 am
Some small and conditional signs of recovery can be found in the August operating statistics for Cathay Pacific and Dragonair posted this morning.
Passenger numbers for the combined long haul and domestic carriers rose by 3.8% in August compared to the same month in 2008, however the year to end of month figure is down by [...]
Cathay Pacific tallies the rising toll from swine ‘flu and the GFC
July 14, 2009 – 3:06 pm
June was another shocker for Cathay Pacific and Dragonair.
Its announcement of the traffic figures for last month shows it is currently down by about one fifth in total passenger numbers, and unable to lift yields as those who are flying down trade to economy in droves and pick up the bargains.
Cathay Pacific Airways today released [...]
Some last statistics from Qantas and Virgin Blue before things get even worse
June 30, 2009 – 5:27 pm
The May provisional traffic statistics from the Qantas and Virgin Blue brands are the last insights into their operations before black Friday, 3 July.
This Friday is the day Delta, the world’s largest carrier, enters the Australia-US market on the Sydney-Los Angeles route, and Singapore Airlines’ Jetstar clone, Tiger, takes on everybody and Jetstar in [...]
BA work-for-free-plea points to a second great escape for Qantas
June 17, 2009 – 11:03 am
How lucky can Qantas be, or alternatively, how poorly advised has it been in recent times?
First it escaped from the Airline Partners Australia private equity bid that was a dead set disaster from the start only through one of the buyers missing a deadline, and now its infatuation with a merger with British Airways late [...]
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