Singapore Airlines 2007 Annual Report Download - page 34

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Singapore Airlines 32 Annual Report 2006-07
OPERATING REVIEW
Subsidiaries (continued)
SIA Cargo was awarded the prestigious ‘Best Air Cargo
Carrier – Asia’ award for the thirteenth time at the 2006
Asian Freight & Supply Chain Awards. The carrier also
received the ‘Top Airline For Outstanding Service’ award
for the second consecutive year at the Federation of
Asia-Pacific Aircargo Associations award ceremony.
The operating fl eet of SIA Cargo, as at 31 March 2007
comprised 14 B747-400 Freighters, with an average age
of six years and four months.
SilkAir
SilkAir performed well during the year in review,
generating a profi t of $20 million despite rising fuel costs
and a highly competitive environment. The airline grew
capacity on its existing network by 17 percent.
Despite strong competition on many routes, the airline
registered a record uplift of 1.6 million customers during
the year, up 28 percent from the previous fi nancial year.
Revenue reached a record $428 million.
These achievements were the result of sales and
marketing initiatives, as well as efforts to increase aircraft
utilisation and deploy capacity effectively to tap growth
opportunities.
SilkAir’s charter revenue registered good growth,
increasing 125 percent over the previous year, as a result
of charters to Christmas Island in Australia, Guiyang and
Nanning in China as well as Udon Thani in Thailand.
SilkAir continued to focus on delivering value to
customers with new products and refreshed services,
while striving to keep its cost base in check.
SilkAir was voted ‘Best Regional Airline’ for the seventh
time in 2006 by readers of Asia Pacifi c’s leading travel
publication TTG Asia. It was also the only regional airline
to be featured in the top ten of Travel + Leisure’s ‘World’s
Best Airlines’ list for the second consecutive year.
SilkAir took delivery of its 13th aircraft in June 2006.
In December 2006, it placed an order for 11 Airbus
A320-family aircraft, as well as options for another nine.
The new orders will cater to the airline’s fl eet replacement
and growth needs between 2009 and 2012.