Stored Aircraft will Make a Comeback
The other aircraft in the fleet that are stored will make a comeback eventually, especially with the airline announcing in October it would increase flights by 15%.
Air bubbles between SIN and Hong Kong (HKG) have also been established, meaning that more passengers can fly on SQ’s services to such destinations globally directly or indirectly. Services into the U.S are also beginning, with the airline returning to New York (JFK) on its ultra-long-haul operations too.
Finally, aircraft that looked fit for retirement have been utilised for other ancillary measures. For example, SQ inaugurated its Airbus A380 dining experience at SIN late last month, offering some more revenue opportunities on that front as well.
Looking Ahead
Whilst SQ has reported significant losses, it has found a strategy of how to recover some of the losses being made in the Group.
Cargo needs to be a continued focus for the carrier, especially as the pandemic does not seem to be going away for a long while yet, with those in France stating it could be until the Summer next year where things begin to recover.
This of course depends on the spikes of cases in destinations around the world. If the spikes continue, then cargo will become a long-term objective as opposed to short-term.
It will be interesting to see how the airline will cope with this and what further cuts it will need to make in order to thrive and succeed in what is currently a volatile time for the industry.
