SIA named Airline of the Year by industry publication Air Transport World

Singapore Airlines (SIA) was Tuesday named Airline of the Year in the 49th Annual Air Transport World Airline Industry Achievement Awards. The recognition honours SIA’s swift and decisive response to the Covid-19 pandemic, which enabled it to re-enter the market strongly when borders reopened, said industry publication ATW. The panel of judges lauded SIA’s response to global travel restrictions. The airline raised $22.4b in fresh liquidity - the most by any airline during the pandemic. “In addition, multiple cost-cutting and innovative initiatives kept the company on a strong footing,” said the judges, comprising editors and analysts at ATW, airline magazines Routes and Aviation Week, and aviation consultancy Centre for Asia Pacific Aviation. Indeed, the airline has seen its passenger load factor, which represents the percentage of available seats filled, soar as it quickly restored passenger capacity to capture the pent-up demand in the second half of 2022. In December 2022, the group had its highest passenger load factor in its history, at 89.7%. In January 2023, its passenger load factor was 85.9%.<br/>