Monday, January 30, 2023

Why Singapore Airlines is investing in Air India

When the Singapore Airlines Group (SIA) released its operating statistics for December 2022, it revealed that it carried almost 12 per cent more passengers compared with a month ago and four times more than a year ago. Its two carriers, SIA and Scoot, carried a total of 2.7 million passengers in December. For the entire year, it carried a total of 20.7 million passengers, a jump of 900 per cent from 2021.

The airline cited the relaxation of travel restrictions in Hong Kong, Japan, and Taiwan for boosting the demand for air travel and supporting a recovery in those markets.

Though impressive, the passenger numbers are still 76 per cent of December 2019's figure of 3.54 million passengers carried.

SIA's passenger load factor (PLF) in December 2022 came in at 89.7 per cent during the month -- 3.8 percentage points more compared with a month ago and 43.2 per centage points more year-on-year. The airline noted that this is the highest monthly PLF in the SIA's history, full-service carrier, SIA, and low-cost airline, Scoot posted record monthly PLFs of 89.1 per cent and 91.6 per cent respectively. PLF for December 2019 was 87.6 per cent.

However, it should be noted that PLF is a function of the number of planes an airline has in service. During this period where there's a global shortage of capacity, some airlines under utilise their planes either to keep airfares high or because they do not have enough resources to maximize the use of their fleet.

According to fleet data from, at the moment, SIA has 36 inactive aircraft between its two main airline brands. Among the aircraft sitting on the ground are 15 Boeing 777ERs, two Airbus A350s, two A380s, and two 787-8s.

30/01/23 ANI/Economic Times

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