- Passenger numbers: 4.7 million, +9.4% year-on-year;
- Cargo volume: 150,929 tonnes, -0.5%;
- Aircraft movements: 29,613, +8.2%. [more - original PR]
Singapore Changi Airport pax up 9%, cargo down 1% in Aug-2013
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Lufthansa Group-Singapore Airlines JV Part 3: JV to support expanded Singapore-Europe capacity
The new Lufthansa Group and Singapore Airlines (SIA) Group joint venture open up opportunities for additional capacity from Singapore to Germany and Switzerland. Lufthansa is confident the improved connectivity beyond Singapore which comes with the JV will help support higher traffic and capacity levels while SIA will benefit from improved connectivity beyond its three German and Swiss gateways.
The two airline groups recently already added over 1,100 weekly one-way seats from Singapore to Germany and Switzerland, representing expansion of 8%, ahead of the formal start of the JV. The expansion included the launch of flights by SIA to Dusseldorf, a route that likely would not have been viable without the JV, and the up-gauging of flights to Singapore by Swiss from A340s to 777-300ERs.
Both airline groups are now considering further capacity increases as well as new routes. Lufthansa is looking at using its new A350 fleet to resume Singapore-Munich, which would supplement its daily Singapore-Frankfurt A380 service and give the group 21 weekly frequencies and nearly 8,000 weekly one-way seats under the JV compared to 31 frequencies and nearly 10,000 weekly seats for SIA.
Lufthansa Group-Singapore Airlines JV Part 1: Lufthansa's Australia presence strengthened
Lufthansa Group’s new joint venture with Singapore Airlines (SIA) will significantly improve Lufthansa’s position in the key offline markets of Australia, Indonesia and Malaysia. Lufthansa anticipates it will be able to implement the new JV in early 2017, to cover four markets in Asia Pacific along with four markets in Western Europe.
The JV should improve Lufthansa’s ability to compete against Gulf carriers. It should also help support additional nonstop capacity from Singapore to Germany and Switzerland.
This is Part 1 in a series of analysis reports on the Lufthansa-SIA JV. This part will focus on Australia, which is Lufthansa’s largest offline market in Asia Pacific. Subsequent parts will examine in more detail the Singapore market along with Indonesia and Malaysia, which are Lufthansa’s two largest offline markets in Southeast Asia.