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SilkAir

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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)


 
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340 total articles

and

61 total articles

and

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.

Singapore Changi's slowdown requires long-term strategic solutions, improved transfer traffic model

25-Jun-2014 12:22 PM

Singapore Changi Airport is aiming to stimulate traffic growth through a series of incentives and rebates. The initiative comes in response to slower growth and a perceived widening cost gap with other Southeast Asian airports.

Changi has set aside SGD100 million (USD80 million) for its new Growth and Assistance Incentive (GAIN) programme, some of which will be used for rebates on parking and aerobridge fees. Some of the funds will also be used to provide incentives for transfer traffic as part of a programme that has not yet been detailed.

Singapore’s passenger traffic growth has slowed to only 2% in the first five months of 2014. Even slower growth is possible for the remainder of 2014 driven by a recent drop in inbound visitor numbers from China and a slowdown from Indonesia.

Singapore Airlines seeks to expand its partnership portfolio further following a spate of new deals

20-May-2014 10:00 AM

Singapore Airlines (SIA) is focusing on further expanding its partnership portfolio to provide a more comprehensive network and boost feed. New deals have been forged over the last six months with Air New Zealand, Asiana, EVA Air and Turkish Airlines as part of an ongoing initiative which is expected to generate more new or expanded partnerships by the end of 2014.

SIA has already more than doubled its codeshare segments over the last three years as it has added eight new partners and strengthened several existing partnerships. The group is now negotiating several more new partnerships while seeking opportunities to improve connectivity with existing partners.

In this analysis CAPA examines the increasingly important role partnerships are playing in SIA’s European, African and Middle Eastern networks. In a second part, to be published later this week, CAPA will focus on SIA’s need to rely more on partners to expand across the Americas.

Singapore Airlines incurs 4QFY2014 operating loss, adds premium economy as latest strategic response

10-May-2014 4:30 PM

Singapore Airlines (SIA) continues to evolve its long-term strategy in response to challenging market conditions, which drove an operating loss for the group and parent airline for the quarter ending 31-Mar-2014. The decision to introduce a premium economy product on long-haul aircraft from 2H2015 is the latest in a growing string of initiatives aimed at improving the carrier’s position.

SIA has studied premium economy for several years but repeatedly decided against a fourth class of service on long-haul flights. The group now recognises premium economy has become more mainstream and that it is necessary to be competitive, particularly in the corporate sector.

Premium economy will be introduced as SIA starts to retrofit some of its fleet with the new first, business and economy cabin products that were introduced on new 777-300ERs in late 2013. Both initiatives are part of a broader move to continue improving its service standards as competition intensifies. Increased emphasis on partnerships and a more active role in the dynamic Southeast Asian budget sector also have become important components of the still evolving SIA Group strategy.

Myanmar international aviation outlook: after two years of rapid expansion, growth starts to slow

22-Apr-2014 11:00 AM

Myanmar’s international market has roughly doubled in size in the two years two since the former pariah state started liberalising. Nine foreign carriers have entered the market while all 13 of the foreign carriers which were already serving Myanmar have added capacity.

But the additional capacity has so far outstripped the increase in demand for passenger services. Load factors in Myanmar are now well below industry norms.

Fortunately foreign carriers appear to be slowing down their expansion and total capacity for the 2014/2015 winter season is likely to be roughly flat compared to the winter season which was just completed. Eventually all the capacity added over the last two years will be absorbed, providing a bright outlook as demand for services to Myanmar continues to grow.

SilkAir 737 MAX fleet to open up network options while boosting Boeing’s narrowbody presence in Asia

25-Feb-2014 12:25 PM

While Singapore Airlines regional subsidiary SilkAir is now celebrating delivery of its first of 23 737-800s, it is the second part of its largest ever aircraft acquisition programme that could be a game changer. The Singapore Airlines (SIA) regional subsidiary plans to take the first of at least 31 737 MAX 8s in 2H2017, enabling efficiency improvements and new medium-haul routes.

SilkAir will have the opportunity to use the MAX’s improved range to open new destinations in North Asia, Central Asia and Australia. The improved economics of the aircraft also potentially opens up destinations in India and China which are not viable with current generation narrowbody aircraft.

SilkAir is only one of four Asian carriers that has so far committed to the 737 MAX, along with Thailand’s Nok Air, Virgin Australia and Indonesia’s Lion Air. Nok, which announced its order at the recent 2014 Singapore Airshow, also expects to be one of the first carriers to take the MAX when it enters service in 2H2017.

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