Singapore Airlines Says Job Cuts Are Possible
Jun 15, 2017, 5:51 am
#46
Join Date: Jan 2016
Location: Singapore
Programs: KF, Marriott Gold, Hilton Gold
Posts: 182
Btw, agree on the job cuts forecast. Just a PR stunt for the minority shareholders.
Jun 15, 2017, 9:17 am
#47
Join Date: May 2003
Location: Singapore
Programs: QF LTG, SQ EGTP, Bonvoy LTG
Posts: 4,847
However, I have paid for quite a few SQ ticket originating elsewhere, usually to/from MEL (where my extended family is) and a stopover for a month or six in SIN. Has worked really well for me, and one such ticket was even in business.
I still prefer to fly SQ, which is why I do this (and usually it does come at a slight premium), and I would be happy to pay a slight premium ex-SIN as well. Unfortunately the premium that is asked for way exceeds the premium I am willing to pay for SIN originating tickets.
Jun 15, 2017, 7:08 pm
#48
Join Date: Mar 2015
Programs: HH Diamond, GHA Titanium
Posts: 1,961
Or the challenge of having one's siblings air your family's dirty laundry in public. Strange times we're living in; between the politics in US/UK/ME and the latest soap opera drama here, I find myself wondering if I'm in reality or if I maybe had a huge accident a while ago and am now hallucinating in a drug-induced coma.
Jun 15, 2017, 11:00 pm
#49
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Or the challenge of having one's siblings air your family's dirty laundry in public. Strange times we're living in; between the politics in US/UK/ME and the latest soap opera drama here, I find myself wondering if I'm in reality or if I maybe had a huge accident a while ago and am now hallucinating in a drug-induced coma.
Jun 16, 2017, 12:57 am
#50
Join Date: May 2003
Location: Singapore
Programs: QF LTG, SQ EGTP, Bonvoy LTG
Posts: 4,847
All commercial fares sold on SQ accrue at least some miles in Krisflyer (in economy it's 10%, 50% or 100%) and matching % in Virgin Australia's Velocity. The 10% and 50% earn fares generally don't earn anything in other star alliance or other partner programs.
Jun 16, 2017, 5:19 pm
#51
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Join Date: Sep 2014
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One reason Singapore-based KF members are p1ssed is that it's become very easy to rack up points and miles through US credit cards. This allows US residents to redeem most of award tickets. So what's the point of earning miles or even being a PPS member when there is no availability to redeem? All their miles from corporate travel is useless if the award space is quickly taken up by US members. So why spend on SQ when you know you cannot redeem?
Most other airlines sell miles through SPG or Amex or Chase or Citi, not all four.
They have recently announced that PPS members will get priority in redemption, but yet to see the details on how they'll do it.
Most other airlines sell miles through SPG or Amex or Chase or Citi, not all four.
They have recently announced that PPS members will get priority in redemption, but yet to see the details on how they'll do it.
Further to your comments, just saw this:
"Fortunately Singapore Airlines loves the U.S. bank money, and their KrisFlyer program is a transfer partner of American Express Membership Rewards, Chase Ultimate Rewards, Citi ThankYou Rewards, and Starwood Preferred Guest."
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Jun 22, 2017, 11:18 pm
#52
Join Date: Jul 2011
Posts: 1,158
While that stupid CEO suggested that a job cut is possible, it would be impractical.
As a nation-majority-owned flag carrier, a job cut means pushing the problem back to the big boss - the Republic. As the Republic is proud to have a low unemployment rate, a job cut will be a slap in Lee Hsien Loong's face, especially given the increasing challenge in governing.
As a nation-majority-owned flag carrier, a job cut means pushing the problem back to the big boss - the Republic. As the Republic is proud to have a low unemployment rate, a job cut will be a slap in Lee Hsien Loong's face, especially given the increasing challenge in governing.
I would rather dispose off the old inefficient 777s fleet (and not spending money to retrofit that crap) and replace with latest generation fuel efficient planes. This would help them to stay up float even on routes were load factors are challenging. But, I agree that the latest order of Boeing airplanes might be just too big....
Jun 22, 2017, 11:48 pm
#53
Join Date: Jul 2015
Posts: 973
Precisely what SQ is doing. 787s and 350s will replace them and the 330s. Can't happen soon enough as far as I'm concerned.
Jun 23, 2017, 12:41 am
#54
Join Date: Jul 2011
Posts: 1,158
I'am anyway not sure if the A330 return to lessor and keep the 777s instead is a clever move. I would guess that the A330 is fitting more into SQs fleet needs (until the 787s are joining).
Jun 23, 2017, 1:38 am
#55
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It is always not about the people get cut, but the confidence to the Republic.
Nature of GSE.
Jun 23, 2017, 2:52 am
#56
Join Date: Jul 2011
Posts: 1,158
The young Singaporean is also not sharing that pride, they shun SQ and fly cheap. SQ was once also know as "Ang-Moh" Airlines.
Anyway, a few weeks back the CEO stated that no jobs will be cut. Within a few weeks he turned around. You can be sure that he wont say that if the government would not support such move.
Jun 23, 2017, 2:59 am
#57
Join Date: Sep 2013
Location: DXB / KUO
Programs: AY, SQ, EK
Posts: 858
- 23 in service + 1 in storage
- 1 owned + 23 leased (operating lease) [based on public info]
777-200ER
- 22 in service + 2 in storage (1 operated by NokScoot)
- 24 owned + 0 leased
On this basis, it becomes rather obvious why it's easier (cheaper?) to offload A330-300s and hold on to the 777-200ER fleet, which is hardly in demand these days.
Do you know what their exit plan is for the 777-200ER?
Jun 23, 2017, 5:44 am
#58
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Jun 23, 2017, 7:32 am
#59
Join Date: Jan 2016
Location: Singapore
Programs: KF, Marriott Gold, Hilton Gold
Posts: 182
SQ was LKY favorite baby. The new government generation is not sharing such emotional bonding. They are much more concerned about the money they spent and as soon as SQ is becoming a cost burden anything can happen.
The young Singaporean is also not sharing that pride, they shun SQ and fly cheap. SQ was once also know as "Ang-Moh" Airlines.
Anyway, a few weeks back the CEO stated that no jobs will be cut. Within a few weeks he turned around. You can be sure that he wont say that if the government would not support such move.
The young Singaporean is also not sharing that pride, they shun SQ and fly cheap. SQ was once also know as "Ang-Moh" Airlines.
Anyway, a few weeks back the CEO stated that no jobs will be cut. Within a few weeks he turned around. You can be sure that he wont say that if the government would not support such move.
Most government company CEOs are like that. They know they don't have freedom to do what they want. They have to do some PR stunts every now and then.
Jun 23, 2017, 10:46 pm
#60
Join Date: Jul 2011
Posts: 1,158
A330-300 / current fleet
- 23 in service + 1 in storage
- 1 owned + 23 leased (operating lease) [based on public info]
777-200ER
- 22 in service + 2 in storage (1 operated by NokScoot)
- 24 owned + 0 leased
On this basis, it becomes rather obvious why it's easier (cheaper?) to offload A330-300s and hold on to the 777-200ER fleet, which is hardly in demand these days.
- 23 in service + 1 in storage
- 1 owned + 23 leased (operating lease) [based on public info]
777-200ER
- 22 in service + 2 in storage (1 operated by NokScoot)
- 24 owned + 0 leased
On this basis, it becomes rather obvious why it's easier (cheaper?) to offload A330-300s and hold on to the 777-200ER fleet, which is hardly in demand these days.
I guess that the valuation of these 772s is a bit on the high side and thefor they would need to offload them at (book-) losses. But the situation will not get any better if they hold onto them, the demand for such birds will not get any better.
Not really. They will eventually go. One this year. Originally they planned hat the A350 should replace them. But we know that the fleets kept changing and changing in the past.
By the way:
There are only 11 772ERs the rest should be non-ERs.