Singapore Airlines 2005 Annual Report Download - page 13

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SIA Annual Report 04/05 11
November 04
• The SIA Group posted first-half net profit attributable to
shareholders of $616 million. This was a turnaround from the
$7 million loss sustained in the SARS-affected first half in
financial year 2003-04.
• Capacity increases to meet traditional higher demand during
the year end peak period were announced, boosting capacity to
India and Australia by 33 per cent and 11 per cent respectively,
among others.
• IT infrastructure functions were outsourced to IBM.
• Some revenue accounting functions were outsourced in the Finance
Division.
• Singapore Airlines commenced weekly B777-200ER non-stop flights
to Cape Town in South Africa. This is the first direct air service between
Cape Town and Southeast Asia.
December 04
•The SIA Group swiftly mobilised support for rescue and recovery efforts
in regions affected by the devastating tsunami. Within days, relief supplies
were flown from around the world to India, Sri Lanka, Thailand, Indonesia
and the Maldives. The Group announced a cash donation of $300,000
to the Red Cross Tidal Waves Asia Relief Fund among other measures.
January 05
•The SIA Group announced a third quarter profit of $476 million, further
building momentum on its post-SARS recovery.
• Singapore Airlines announced an increase in capacity of 5.1 per cent
in Northern Summer season, which took effect from March 2005.
February 05
• A tripartite codeshare agreement was signed by Singapore Airlines,
SilkAir and Malaysian Airlines. Singapore Airlines began codesharing
with Malaysian Airlines between Singapore and Kota Kinabalu, Kuching
and Penang at the end of March 2005.
March 05
•Singapore Airlines became the first airline in the region to introduce
Connexion by Boeing, an inflight broadband service that provides
passengers with real-time, high-speed and secure internet
connectivity inflight.