Former SIA CEO's Point of View
Former Singapore Airlines CEO: "The international airline business is
notoriously unprofitable, yet no other business can boast of a larger
profusion of players. In a world of sanity, a company that constantly loses
money will go bankrupt or be acquired. But the aviation world is lunatic: in
it, every country must have its own airline, the airline cannot go bankrupt
- or hardly ever, for in many cases it will be kept alive by public funds -
and acquisitions are next to impossible. The result is endemic surplus
capacity and uneconomic pricing as desperate airlines price desperately to
fill empty seats", Cheong Choong Kong, 16 July.
Khoa's remarks: I am totall unimpressed by Cheong Choon Kong's comments. Well, SQ is losing money at the moment and things are not very impressive and therefore I am totally unimpressed with SIA at the moment.