My Account Menu

CAPA Login

Username:
Password:
Forgotten password? Create Account
CAPA Profiles

SilkAir

Create Diamond Alert

SilkAir

IATA Code
MI
ICAO Code
SLK
Corporate Address
5-D Airline House
25 Airline Road
Singapore 819829
Website
http://www.silkair.com
Main hub
Singapore Changi Airport
Country
Singapore
Business model
Full Service Carrier
Network
International
Airline Group
Part of SIA Group
Association Membership
IATA
Codeshare Partners
Bangkok Airways
Garuda Indonesia
Malaysia Airlines
Shenzhen Airlines
Singapore Airlines
Virgin Australia

Based in Singapore, SilkAir is the regional subsidiary of Singapore Airlines. Using a fleet of narrow-body Airbus aircraft, SilkAir operates an extensive network of regional services within Asia. 

Location of SilkAir main hub (Singapore Changi Airport)


 
This content is exclusively for
CAPA Membership Subscribers
CAPA Account Login
Username:
Password:
Forgotten password? Create Account

Find out more about CAPA Membership.

368 total articles

and

66 total articles

and

Singapore Airlines reports fiscal 1H profit despite challenging market conditions & Tigerair losses

8-Nov-2014 7:00 PM

Singapore Airlines (SIA) and its regional subsidiary SilkAir remained profitable in the quarter and half ending 30-Sep-2014 despite extremely challenging market conditions in Southeast Asia. But the group’s net profit has been on the decline due primarily to the heavy losses at LCC affiliate Tigerair.

SIA is now in the process of increasing its stake in Tigerair which pending approvals will result in the LCC becoming a subsidiary. SIA is not considering taking over Tigerair entirely and instead will focus on pursuing synergies, particularly with its long-haul LCC subsidiary Scoot, while supporting Tigerair’s ongoing turnaround efforts.

SIA’s long-term outlook is relatively bright but several components of its strategy, including its investments in the LCC sector and its new full-service joint venture in India, will likely continue to have a negative impact on earnings for the short to medium term. The fact the SIA Group has so far been able to stay in the black overall is a noteworthy accomplishment.

Singapore outlook Part 3: long-haul growth is unlikely. LCC-led transfer growth is what's needed

19-Sep-2014 12:15 PM

Singapore Changi Airport and CAAS are trying to promote new long-haul flights and more transit traffic in response to a significant slowdown in passenger growth. Singapore is eager to drum up new sources of traffic or growth as it invests significantly in airport expansion which will prove to be overly ambitious if growth cannot be restored.

Incentivising transit traffic is logical as a growth in transit numbers, long a staple under Singapore’s hub strategy, could help offset a recent drop in inbound visitor numbers. Following Kuala Lumpur's example, Singapore will probably need to focus on enhancing LCC transit traffic, an increasingly important segment which Changi has barely scratched.

Long-haul transit traffic growth will be much harder to achieve, even with incentives. Changi’s biggest growth opportunities are likely on medium-haul routes and connections within Asia-Pacific.

Singapore outlook Part 2: SilkAir slows its expansion. Strategic adjustments may be necessary

18-Sep-2014 10:23 AM

SilkAir is joining Singapore’s main LCC groups in slowing down expansion in response to overcapacity in Singapore’s short-haul market. SilkAir capacity growth has been in the low single digits in recent months and will likely stay at modest levels as it accelerates the retirement of A320s.

The full service regional subsidiary of Singapore Airlines, SilkAir has expanded rapidly over the past several years despite intensifying competition with LCCs. SilkAir has doubled in size since 2007 and has consistently outperformed Singapore’s two short-haul LCCs, Tigerair and Jetstar Asia, in the process securing valuable slots at Changi Airport for the group.

SilkAir has been planning to maintain annual double digit capacity growth, driven by the introduction of new 737-800s. But a slowdown is sensible given the current overcapacity situation in the Singapore short-haul market, which has led to a steep drop in profits at SilkAir as well as at LCC competitors.

Singapore LCCs: growth slows and penetration rate falls as Jetstar Asia & Tigerair incur losses

16-Sep-2014 6:00 PM

Singapore has seen traffic growth slow significantly over the last year driven by challenges in its previously booming short-haul market. Total passenger traffic at Singapore Changi grew by only 5% in 2013, ending a three-year run of double digit growth, and is on pace to grow by less than 2% in 2014.

Profitability in the Singapore market meanwhile has tumbled driven by losses at Singapore’s three LCCs – Tigerair Singapore, Jetstar Asia and Scoot. Singapore Airlines regional subsidiary SilkAir also has seen profits slide as it has been impacted by the overcapacity and intense competition in Singapore’s short-haul market.

Tigerair, Jetstar Asia and SilkAir have all responded by halting or slowing down expansion. Singapore’s LCC penetration rate has started to slip, ending a decade of steady gains.

Okinawa Naha Airport is poised for further rapid international growth as its network diversifies

11-Sep-2014 11:00 AM

Okinawa Naha Airport expects further rapid international growth as it begins to tap into the Southeast Asian market. Okinawa has seen a surge in international traffic, driven by new flights within North Asia, and is optimistic a new charter route to Singapore (operated by Jetstar Asia and SilkAir) will be upgraded to become its first scheduled service to Southeast Asia.

International passenger traffic at Okinawa Naha Airport has nearly tripled since 2011. A new international terminal which opened in Feb-2014 is already approaching capacity but plans are in the works for expansion.

For now the growth is being driven by inbound visitor traffic as Okinawa emerges as a popular tourist attraction. But Okinawa also has a potential role as a LCC transit airport, particularly after a second runway opens and further terminal expansion is pursued. Peach Aviation envisioned an Okinawa hub for Southeast Asian flights but requires a new low-cost terminal.

Singapore Airlines SWOT: challenges continue as competition intensifies as shown by 1QFY2015 results

31-Jul-2014 3:15 PM

Singapore Airlines (SIA's) profits have dropped steadily over the last several years, driven by intensifying competition and challenging market conditions. Profits were again down in the quarter ending 30-Jun-2014 (1QFY2015), with the group recording a 52% drop in operating profits to SGD39 million (USD31 million).

But SIA remains one of the most respected airlines in the world and has never incurred an annual loss in its 42 year history. There is no denying SIA has faced in recent years - and continues to face - its biggest ever challenges. But SIA has made several strategic adjustments since Goh Choon Phong took over as CEO at the beginning of 2011.

SIA’s glory years of industry leading double digit profit margins are unlikely to return but once its new strategy beds down the group should be better positioned for long-term profitability and growth. SIA still has several core strengths and plenty of opportunities. But more challenges also lie ahead and all of its recent strategic adjustments come with risks. In this SWOT analysis we incorporate SIA's 1QFY2015 reporting.

This content is exclusively for
CAPA Membership Subscribers
CAPA Account Login
Username:
Password:
Forgotten password? Create Account

Find out more about CAPA Membership.

This content is exclusively for
CAPA Membership Subscribers
CAPA Account Login
Username:
Password:
Forgotten password? Create Account

Find out more about CAPA Membership.

This content is exclusively for
CAPA Membership Subscribers
CAPA Account Login
Username:
Password:
Forgotten password? Create Account

Find out more about CAPA Membership.

This content is exclusively for
CAPA Membership Subscribers
CAPA Account Login
Username:
Password:
Forgotten password? Create Account

Find out more about CAPA Membership.

This content is exclusively for
CAPA Membership Subscribers
CAPA Account Login
Username:
Password:
Forgotten password? Create Account

Find out more about CAPA Membership.

This content is exclusively for
CAPA Membership Subscribers
CAPA Account Login
Username:
Password:
Forgotten password? Create Account

Find out more about CAPA Membership.

This content is exclusively for
CAPA Membership Subscribers
CAPA Account Login
Username:
Password:
Forgotten password? Create Account

Find out more about CAPA Membership.

This content is exclusively for
CAPA Membership Subscribers
CAPA Account Login
Username:
Password:
Forgotten password? Create Account

Find out more about CAPA Membership.

This content is exclusively for
CAPA Membership Subscribers
CAPA Account Login
Username:
Password:
Forgotten password? Create Account

Find out more about CAPA Membership.

This content is exclusively for
CAPA Membership Subscribers
CAPA Account Login
Username:
Password:
Forgotten password? Create Account

Find out more about CAPA Membership.