Word: carriere
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...this spending seems to work its intended magic: attracting plenty of business travelers willing to pay more than what other airlines charge. SIA says it has never suffered an unprofitable year, and its unit cost--6.4¢ a seat mile--compares favorably with that of the most efficient U.S. carrier, Southwest...
Singapore Air was launched as an independent carrier in 1972 after separating from Malaysian-Singapore Airlines. Despite the highly regulated atmosphere of the times, it refused to play by the rules, essentially ignoring the International Air Transport Association (IATA), the governing body that ran the airline business almost as a cartel. When SIA became the first IATA carrier to serve free drinks in economy, in 1972, the group's director dismissed the Asian upstart as a "parasite...
...Singaporean government owns 57% of SIA's stock (some 20% is held by money managers). And while by no accounts does it dictate the airline's strategy, the government aids SIA in many ways. Tax breaks on the carrier's aircraft help SIA maintain one of the youngest fleets of any major airline. The government helpfully paid the multibillion-dollar construction cost of Singapore's impressive Changi Airport, the airline's hub since 1981 and one of the best airports in the world...
...Group, an aviation-consulting firm based in Fairfax, Va. "And it's not transparent. Maybe they're not as efficient as they claim. There is a certain science-fiction quality to their numbers." Geoff Dixon, CEO of Australia's Qantas, says, "Singapore Airlines is a government-owned and -backed carrier that does not have to play by the same rules as other airlines." Cheong dismisses the complaint, saying, "That accusation was raised by people with obvious self-interest. Our reputation is such that people know that we don't need the government's support to be where we are today...
...fire every pilot and ground the airline, and the pilots' union was fined and shut down. A new union was formed a few months later. Today a 747 captain with 10 years' experience makes about $118,000 a year at SIA, compared with about $258,000 at a U.S. carrier. After the 9/11 attacks, the airline cut management salaries...