Star Alliance member Singapore Airways Group posted a internet revenue of S$734 million (US$550 million) within the first three months of its monetary 12 months ending 31 March 2024, the very best quarterly efficiency in its historical past, amid strong demand for air journey via the mid-year college holidays and the beginning of the summer season journey season.
Fleet developments
SIA added 4 plane to its working fleet within the first quarter. These comprise one Airbus A350-900 (delivered in March 2023), two Boeing 787-10s (delivered in April 2023 and June 2023), and a Boeing 737 Max 8 (delivered in February 2022) after its cabin retrofit.
SIA Group now has 199 plane in its working fleet, comprising 192 passenger plane and 7 freighters.
SIA’s working fleet includes 137 passenger plane and 7 freighters, whereas its low-cost provider Scoot had 55 passenger plane.
Group-wide, the airways have 99 plane of their orderbook.
With a median age of six years and 11 months, SIA Group operates one of many youngest and most fuel-efficient fleets within the airline business.
Community developments
Within the three months to 30 June, Scoot expanded its footprint in China with the resumption of providers to seven locations (Changsha, Haikou, Nanning, Ningbo, Shenyang, Wuhan, and Xi’an). With these additions, SIA and Scoot collectively serve 17 locations in China, with Scoot serving 14 factors and SIA serving 4 factors.
As of 30 June, the group’s passenger community lined 116 locations in 36 international locations. SIA served 74 locations, whereas Scoot served 65 locations.
Going ahead, SIA will resume four-times weekly providers to Busan from 28 August.
Additionally, in the course of the Northern Winter working season (29 October 2023 to 30 March 2024), SIA will improve frequencies to Hong Kong, Japan (Fukuoka, Haneda, Nagoya, and Osaka), and Thailand (Bangkok and Phuket).
In response to the sturdy demand in the course of the year-end peak journey season, SIA will function supplementary providers to Adelaide, Brisbane, Christchurch, Melbourne, Perth, and Sydney from 22 November 2023.
From 31 January 2024, further frequencies can be mounted to Frankfurt till the tip of the Northern Winter working season.
Scoot resumed flights to Jinan and Shenzhen in China in July and can serve Nanchang from August 2023. From 29 October, Scoot will inject further frequencies to Chiang Mai, Davao, and Jeddah.
The low-cost provider will even restructure its current direct flights to Athens and Berlin and function 3 times weekly Singapore-Athens-Berlin providers in the course of the Northern Winter season.
Topic to regulatory approvals, SIA and Scoot will restructure their Bengaluru, Chennai and Hyderabad providers from 29 October. As a part of this transfer, SIA will supply day by day morning and night providers to Bengaluru.
The SIA Group will even improve its providers between Singapore and Chennai from 17-times weekly to 21-times weekly, with Scoot commencing day by day operations to town after SIA transfers a few of its Chennai providers to the low-cost provider from 5 November.
As well as, SIA will progressively improve its weekly service between Singapore and Hyderabad from seven instances weekly to 12-times weekly, taking up Scoot’s day by day providers between the 2 cities.
SIA says that the group’s capability stays on observe to achieve a median of round 90 per cent of pre-Covid ranges by March 2024.