How much will SQ make for yr 2017?

Monday, 22 May 2017

Cathay Pacific sacks 600 staff in major shakeup

Hong Kong's flagship airline Cathay Pacific said Monday it would cut 600 staff including a quarter of its management, as part of its biggest shakeup in two decades to repair its bottom line.
In March the company posted its first annual net loss in eight years, citing intense competition as lower cost airlines, particularly from mainland China, eat into its market share.
It pledged at the time to slash costs by 30 percent after its $74 million net loss in 2016 reversed a $773 million profit in the previous year.
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BT: My take is that if SIA could go on and be profitable for year 2017, then
it is hats off to the management team headed by CEO Goh Choon Pong. Otherwise, it may go the way of CX, retrenching staff.

Saturday, 20 May 2017

Cut what cost ? I'll give them special gift said CEO Goh


CEO SIA Goh announced at the 70th celebration that all staff will be given a special one time gift of $700 each. It was also mentioned that SIA Cargo will join SIA again. Some cargo staff will be transferred to other divisions in SIA.

Reducing cost in cabin crew is one way to go

Singapore Airlines had a disappointing result for full year 2016. The last (4th) quarter saw it's first loss in 5 years of $138 million. The company said it will redesigned jobs that are no longer relevant and upgrade staff's skill and competency. It also has to look at ways to improve not only staff's productivity, cutting cost but to fill up more seats.
I do not know much about the other divisions in the company as I had never work there except in cabin crew (35 years). There are certain things in cabin crew that are worth looking into:

  • The training period of the new cabin crew of 3 1/2 month is too long considering the present circumstances. It should be reduced to around 2 months, including safety training known as SEP or Safety Equipment Procedure. In doing so, a lot of money will be saved. Newbies will find the shorter training period more refreshing and not too boring. If one does not agree with me then do a survey and find out from those who had graduated.
  • The I/A's post should be scrapped to allow them to go back flying full time as IFM. If this be the case, SIA should have surplus IFM. Either offer them a golden handshake or stop promoting IFM for a long time to come.
  • Outsource the cabin crew interview in SIN and elsewhere. The final round may be conducted by the senior staff.
  • Cabin crew training to be conducted by retired IFM, CS/CSS on a partime basis. It is definitely cheaper than having full time permanent trainers.
At this moment I can't think of anything else to help SIA reduce cost. However,if I do come across any new idea I will post them.

Thursday, 18 May 2017

SIA's profit down 9% from a year ago

 SIA's profit for 2016 ended March is $623 million, $58 million less than the year before. Surprisingly, Cargo is up $3 million compared to a loss of $50 million for year 2015.
It has declared a final dividends of 11 cents.

Monday, 15 May 2017

Aloha Hawaiiiiiiiiiiiiiii here comes SCOOT!

 SCOOT, a subsidiary of SIA should be flying to HNL via OSA by the end of this year. SCOOT is waiting for USA authority's approval.
If priced attractively, the flight will be quite full as Hawaii is one of the world' most beautiful places to visit. HNL is the capital of Hawaii and among other things is famous for its Waikiki Beach.
In the 1980s, SIA used to fly to HNL and we crew loved the 2 to 3 nightstops there. It was scrapped due a decline in passenger load. The pattern was SIN/HKG/HNL/LAX vv.
Unconfirmed passenger fare on SCOOT is less than S$1,000 for a return trip.

The movie "Blue Hawaii" starring Elvis Presley and Joan Blackman in 1961 attracted my attention. During that time I was still studying in school but vowed one day I will visit Hawaii. I did visit Hawaii as a cabin crew some 20 years later. It was one of my favorites destinations,second only to London.