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SIA Cargo to manage Scoot's bellyhold capacity
By Ven Sreenivasan, The Business Times | Fri, Apr 20 2012
The latest announcement comes barely two months after loss-making SIA Cargo announced a capacity cut of 20%.
Singapore Airlines Cargo will manage the bellyhold capacity of low-cost long-haul carrier Scoot when the latter starts commercial flights this year.
Scoot, wholly owned by Singapore Airlines (SIA), will start daily services between Singapore and Sydney, and five-times-weekly services between Singapore and Gold Coast in Australia. Four-times-weekly services to Tianjin in China will be launched in the second half of this year.
Scoot will deploy the Boeing 777-200 aircraft with a bellyhold capacity of 10 tonnes on these routes.
The latest announcement comes barely two months after loss-making SIA Cargo announced a capacity cut of 20 per cent in response to persistent weakness in cargo demand and stubbornly high fuel prices. The capacity reduction, in mainly long-haul services, has led to a corresponding reduction in the number of flying hours for each aircraft.
SIA Cargo, which has a fleet of 13 B747-400 freighters and also uses the bellyhold of passenger planes, has been registering sub- breakeven load factors in the low 60-percentile range for much of the past year amid sluggish global economic conditions.
On Monday, SIA announced that its cargo load factor for March edged up 0.5 percentage point to 65 per cent. Cargo traffic (measured in freight tonne kilometres) was 1.9 per cent lower than in the same month last year, while capacity fell 2.6 per cent.
This article was first published in The Business Times.
SIA Cargo to manage Scoot's bellyhold capacity
By Ven Sreenivasan, The Business Times | Fri, Apr 20 2012
The latest announcement comes barely two months after loss-making SIA Cargo announced a capacity cut of 20%.
Singapore Airlines Cargo will manage the bellyhold capacity of low-cost long-haul carrier Scoot when the latter starts commercial flights this year.
Scoot, wholly owned by Singapore Airlines (SIA), will start daily services between Singapore and Sydney, and five-times-weekly services between Singapore and Gold Coast in Australia. Four-times-weekly services to Tianjin in China will be launched in the second half of this year.
Scoot will deploy the Boeing 777-200 aircraft with a bellyhold capacity of 10 tonnes on these routes.
The latest announcement comes barely two months after loss-making SIA Cargo announced a capacity cut of 20 per cent in response to persistent weakness in cargo demand and stubbornly high fuel prices. The capacity reduction, in mainly long-haul services, has led to a corresponding reduction in the number of flying hours for each aircraft.
SIA Cargo, which has a fleet of 13 B747-400 freighters and also uses the bellyhold of passenger planes, has been registering sub- breakeven load factors in the low 60-percentile range for much of the past year amid sluggish global economic conditions.
On Monday, SIA announced that its cargo load factor for March edged up 0.5 percentage point to 65 per cent. Cargo traffic (measured in freight tonne kilometres) was 1.9 per cent lower than in the same month last year, while capacity fell 2.6 per cent.
This article was first published in The Business Times.
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