Singapore Changi Airport reported (03-Oct-2011) a record 42.0 million passenger movements in 2010, crossing the 40 million mark for the first time. For the 12 months ended Aug-2011, Changi Airport registered 45.1 million passenger movements, an increase of 10.1% over the previous corresponding period. Changi is on track to surpass its annual passenger traffic record in 2011, bringing it closer to achieving 50 million passenger movements by 2013. [more - original PR]
Changi Airport surpasses record in passenger movements
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Indonesia refuses to approve Singapore Airlines and Lufthansa JV, protecting Garuda once again
Indonesia has taken another step backwards from liberalisation with moves that benefit flag carrier Garuda at the expense of Singapore Airlines (SIA). In the latest examples, Indonesia is refusing to approve SIA’s new joint venture with Lufthansa and allow SIA to launch a new fifth freedom route from Jakarta to Sydney.
Refusing to allow SIA and Lufthansa to coordinate prices and schedules in the Indonesia-Europe market may not have a significant impact on the overall SIA-Lufthansa JV. However, it is an unfortunate move by Indonesian authorities to protect Garuda ahead of the airline's potential launch of services to Germany.
Preventing or delaying SIA from launching Jakarta-Sydney has a bigger short term impact as it leaves in place – at least for now – the Garuda and Qantas duopoly in a growing market. SIA has also been temporarily stripped of 19 weekly slot pairs at Jakarta Soekarno-Hatta International Airport, in another related and seemingly protectionist move.
Singapore Changi Airport: China visitor numbers reinvigorate passenger growth
Singapore recorded the fastest growth in four years in 2016, driven by a surge in visitor numbers from China. The China-Singapore market grew by 15%, while total traffic at Changi Airport grew by 6%.
Changi should experience similar growth in 2017 as the airport makes final preparations for the new fourth terminal, which is slated to open in 2H2017. Inbound traffic from China will again drive a large portion of the growth in 2017, but Changi is also expecting growth in the emerging LCC transit segment.
Scoot is Singapore’s fastest growing airline and is extending its network to Europe in 2017. Changi may also attract new European routes from other airlines, but regional capacity expansion within Asia will again drive most of the growth.