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Singapore Airlines set for regional dominance as rivals pull back


Singapore Airlines set for regional dominance as rivals pull back
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Singapore Airlines has, with aid from the state investor, been in a position of dominance over its South-East Asian competitors as they decrease and restructure, with US$16 billion (S$ 21.6 billion) from the start of a Covid 19 pandemic.
The crisis has threatened the survival of non-domestic carriers like SIA, Cathay Pacific Airways in Hong Kong, and Emirates in Dubai. Indeed, the government “would spare no effort” to ensure that the SIA copes through the pandemic, said Prime Minister Lee Hsien Loong last year.
Temasek Holdings has been one of the world’s leading airline rescue packages by its majority shareholder, government-owned investment force. Singapore Airlines, therefore, has sufficient funds to continue to operate without cuts for at least two more years, modernise its fleet to save energy, reduce maintenance costs and achieve envir ....

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Who is airline turnaround of the year?


LOT Polish Airlines was selected for its return to profit since 2016, following an extended period of loss-making, while also resuming strong traffic growth. In 2019, it expects to carry 10 million passengers for the first time, more than twice its traffic of just four years ago.
A restructuring programme started in 2012 made LOT much more competitive and better placed to face strong low-cost competition on short haul routes in Poland. While short haul competition is fierce, LOT is the leading airline on routes within Central Europe. Moreover, it is Central Europe’s only long-haul operator of any significance, styling itself as the region’s favourite network airline. ....

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