Strong Year for SIA with SilkAir Integration to Bring Longer-Term Savings
No-moat Singapore Airlines', or SIA’s, strong operating performance continued into the fourth quarter, with revenue rising 8% and operating income up to SGD 214 million from SGD 27 million in fourth quarter last year. All business segments registered notable improvement on the back of the second-half pickup in the global aviation industry. The company recorded yearly records in terms of revenue passenger kilometres of nearly 96 billion and a passenger load factor of 81.1%. Yield was down by only...Singapore Airlines is engaged in the business of passenger air transportation. Co. and its subsidiaries have four reportable operating segments as follows: Airline Operations, which provides passenger air transportation; Engineering Services, which is in the business of providing airframe maintenance and overhaul services, line maintenance, technical ground handling services and fleet management programme; Cargo Operations, which is involved in air cargo transportation and related activities; as well as Other, which consists of services provided by Co. and its subsidiaries, such as training of pilots, air charters and tour wholesaling.
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