Singapore Airlines Group posted a record third quarter loss of SG $ 2.34 billion ($ 1.74 billion), forcing the carrier to abandon many aircraft and cut other expenses.
Operating at just 11% of normal capacity, amid sweeping border closures, Singapore Airlines reported a 98.6% drop in passenger numbers in September.
The Group, which includes SIA, SilkAir and Scoot, will retire a total of 26 aircraft “Deemed to be in excess of needs” in addition to seven Boeing 777s retired following the liquidation of NokScoot.
Singapore Airlines will retire:
- Sept Airbus A380
- Four Boeing 777-200 / 200ER
- Four Boeing 777-300
- New Airbus A320 (SilkAir fleet)
- Two Airbus A319s (SilkAir fleet)
Although SIA Group will abandon the Airbus plane from SilkAir, Singapore Airlines will take its Boeing 737-800 / MAX. These short-haul planes will enter the Singapore Airlines fleet from the first quarter of 2021.
The SIA Group passenger and freight fleet will be 189 after retirements. Currently, the airline’s passenger services are supported by around 39 aircraft. 143 planes are in stock, 19 of which are in the Australian desert town of Alice Springs.
Driven by a global surge in freight demand, Singapore Airlines has chosen to convert two Boeing 777-200ERs and two Scoot Airbus A320ceos into freighters; the last one took place in August.
The B777s, registered 9V-SWN and 9V-SWM, both had their 246 passenger seats removed to create 12% more cargo capacity on each aircraft.
Outlook for SIA Group
The SIA group’s passenger network has grown from 32 destinations in June to 43 at the end of September. In the coming months, Singapore Airlines and SilkAir will restore services to Brunei, Dhaka, Fukuoka, Johannesburg, Kathmandu, Malé and Penang.
In addition, low-cost airline Scoot will resume services to Melbourne, in line with the Singaporean government’s reopening to all of Australia. Singapore Airlines will also begin a three-weekly service from Singapore to New York JFK from November 9.
“In an uncertain and highly volatile environment, the [SIA] The group, with its portfolio of full-service, low-cost airlines, is ready to quickly and decisively seize any opportunities and react to any adverse changes that may arise. “
Featured photo by Steve Strike