Saturday, 06 September 2025

Singapore Airlines Profit Plunges 59% Amid Air India Crash and Other Factors

Published: Tuesday, July 29, 2025
Singapore Airlines Profit Plunges 59% Amid Air India Crash and Other Factors

Singapore Airlines Group (SIA), widely regarded as one of the world’s leading carriers, reported a sharp 58.8% year-on-year drop in net profit to S$186 million for the first quarter ending 30 June 2025, despite a small 1.5% increase in total revenue to S$4.79 billion. The results reflect a complex operating environment marked by lower interest income, losses from associated companies, and intensified competition, even as passenger demand remains robust.

Operating from its hub at Changi Airport, the Group includes flagship Singapore Airlines and its budget arm, Scoot. While total revenue edged up, operating profit fell by 13.8% to S$405 million. One of the major profit drags was a S$122 million swing to losses from associates, primarily Air India, in which SIA holds a 25.1% stake. This marks the first quarter SIA’s accounts reflected Air India’s financial performance, following the integration of Vistara into Air India in December 2024.

The Group also faced a decline in interest income due to reduced cash balances and recent interest rate cuts, along with softer passenger yields pressured by increased capacity from competitors. Passenger yields fell 2.9% to 10.0 cents per revenue passenger-kilometre as airlines throughout the region ramped up flights.

Despite these headwinds, the Group reported a record passenger count of 10.27 million in Q1 FY2025/26, a 6.9% increase year-on-year. Singapore Airlines carried 6.82 million passengers with a load factor of 86.6%, while Scoot served 3.45 million passengers at an impressive load factor of 91.5%. The overall group load factor increased slightly to 87.6%, underscoring robust travel demand during the quarter.

However, the cargo segment was softer; flown cargo revenue declined 1.9% and cargo yields fell by 4.4%, with capacity growth outpacing demand, leading to a cargo load factor drop to 56.9%.

Financially, SIA Group remains resilient with strong shareholder equity at S$15.8 billion, total debt reduced to S$11.5 billion, and S$7.8 billion in cash and bank balances, though slightly down due to loan repayments and capital expenditures. The debt-to-equity ratio improved to 0.73, and the Group retains S$3.3 billion in undrawn committed credit lines to support liquidity.

The fleet remains modern and expanding, with 204 aircraft in operation averaging just under eight years in age, and 72 new aircraft on order. Network expansion continues with new Scoot routes to Iloilo City in the Philippines and Vienna, Austria. Following the recent closure of Jetstar Asia, SIA is boosting capacity on Asian routes and adding new destinations including Da Nang, Kota Bharu, and Nha Trang.

SIA is also advancing sustainability initiatives with new agreements to acquire sustainable aviation fuel (SAF), aiming to reduce over 9,500 tonnes of CO₂ emissions. The Group’s strategic focus includes strengthening its presence in key growth markets like India, where it holds a significant stake in Air India, and pursuing a commercial joint venture with Malaysia Airlines, pending regulatory approval.

Looking ahead, while summer travel demand remains strong, SIA acknowledges ongoing volatility from geopolitical tensions, economic uncertainties, and competitive pressures. The Group signals a disciplined, forward-looking strategy emphasizing operational excellence and investment in high-potential routes to navigate this challenging environment.

In summary, Singapore Airlines Group showcases resilience with record passenger growth and solid financial footing, even as profit is weighed down by external factors including Air India’s losses and market competition. The carrier is well-positioned to adapt and expand amid ongoing industry challenges.

Türkiye Cuts Trade Ties with Israel, Bans Military Flights Amid Gaza Conflict

Published: Thursday, September 04, 2025
Türkiye Cuts Trade Ties with Israel, Bans Military Flights Amid Gaza Conflict

On August 29, 2025, Turkish Foreign Minister Hakan Fidan announced a decisive move during a special parliamentary session: Türkiye has severed all economic and trade relations with Israel and imposed a ban on Israeli aircraft entering Turkish airspace. The parliament also adopted a resolution condemning Israeli actions in the Gaza Strip as genocide.

“We have completely cut off our trade with Israel. We do not allow Turkish ships to go to Israeli ports. We do not allow their planes to enter our airspace,” Fidan declared, decrying the humanitarian crisis in Gaza and warning of the broader regional instability fueled by Israeli military operations against neighboring countries, including Syria.

However, Reuters later clarified that the airspace ban applies specifically to government flights and aircraft transporting munitions to Israel, while commercial flights transiting Turkish airspace remain unrestricted. Supporting this, independent analysis from aviation intelligence platform ch-aviation shows that Israeli carriers such as El Al Israel Airlines, Israir, and Arkia continue to fly over Türkiye en route to destinations across Europe and the Caucasus without any noticeable rerouting. No official Notices to Air Missions (NOTAMs) have been issued to restrict these overflights.

Türkiye and Israel have maintained a tense political relationship for several years. All direct flights between the two countries have been suspended since the October 7, 2023 Hamas attacks on Israel and the subsequent military response in Gaza. In a further indication of strained ties, Turkish Airlines and Pegasus Airlines relinquished their remaining slots at Tel Aviv’s Ben Gurion Airport in April 2025, signaling that their return to the Israeli market remains unlikely in the near future.

While Türkiye’s move marks a significant escalation in diplomatic and economic pressure on Israel, the continuation of commercial overflights suggests a cautious approach to aviation restrictions, balancing political stance with operational realities of regional air traffic.

As the humanitarian and geopolitical crisis unfolds, the Turkish government’s actions reflect growing condemnation of Israeli policies in Gaza, underscoring the complex and volatile dynamics in Middle Eastern relations.

Wizz Air Shuts Down Abu Dhabi Operations, Shifts Focus to European Network

Published: Thursday, September 04, 2025
Wizz Air Shuts Down Abu Dhabi Operations, Shifts Focus to European Network

Wizz Air has officially ended its Abu Dhabi-based operations as of September 1, marking a strategic retreat from the UAE market to focus more heavily on its European network. While this move has resulted in some flight cancellations and operational shifts, travelers seeking affordable flights from the UAE will not be left stranded. A number of other low-cost carriers are actively stepping in to fill the gap, ensuring continued access to budget-friendly travel options.

Wizz Air’s August traffic report confirmed its last outbound flight from Abu Dhabi flew on August 31. The airline is simultaneously rebuilding its Tel Aviv hub, aiming to restart a full schedule of 24 routes by mid-September, underscoring the company’s adaptability following the suspension of summer flights from the UAE.

The decision to close Wizz Air’s Abu Dhabi base stems from a mix of operational challenges, including geopolitical tensions in the region and technical difficulties arising from harsh climate conditions affecting aircraft engines. While the airline’s Abu Dhabi-based arm has ceased operations, some routes from the broader Wizz Air European network will continue to fly to and from Abu Dhabi.

For passengers accustomed to Wizz Air’s low fares, several alternative budget airlines are ready to meet ongoing demand across the UAE and beyond:

  • Air Arabia and Air Arabia Abu Dhabi: As the Middle East’s first and largest low-cost airline, Air Arabia operates from Sharjah, while its joint venture with Etihad Airways, Air Arabia Abu Dhabi, flies from Abu Dhabi’s Zayed International Airport. Both carriers serve numerous destinations across the Middle East, North Africa, and Asia.
  • flydubai: Dubai-based flydubai blends low fares with some full-service offerings, flying to more than 120 destinations worldwide. It is a popular choice for routes to Eastern Europe and South Asia.
  • flynas: The Saudi low-cost carrier operates flights from Dubai and Abu Dhabi to multiple destinations, including Saudi cities, Tbilisi, and Brussels.
  • IndiGo and Air India Express: These Indian carriers provide frequent, affordable connections between India and the UAE, covering a broad range of cities.
  • Pegasus Airlines and Jazeera Airways: Pegasus offers budget flights to Turkey and onward connections to Europe from Sharjah and Dubai, while Kuwait-based Jazeera Airways serves routes from Dubai and Abu Dhabi to destinations in the Middle East and Asia.

Though Wizz Air’s exit marks a shift in the UAE’s aviation landscape, the presence of these well-established low-cost competitors ensures the market remains dynamic and competitive. Travelers can continue to find attractive deals and explore a wide variety of destinations without stretching their budgets, especially during promotional periods when even full-service airlines offer significant discounts.

Singapore to Open First Official One Piece Mugiwara Store at Jewel Changi Airport on September 12

Published: Thursday, September 04, 2025
Singapore to Open First Official One Piece Mugiwara Store at Jewel Changi Airport on September 12

Great news for fans of the legendary manga and anime series One Piece: you no longer have to journey to Japan to shop at the iconic Mugiwara Store. On September 12, Singapore will welcome its very first official Mugiwara Store at Jewel Changi Airport, offering devotees an exciting treasure trove of exclusive One Piece merchandise.

Named after the Japanese term for “Straw Hat” — a nod to the series’ protagonist Monkey D. Luffy and his adventurous crew — the Mugiwara Store will feature a wide range of collectibles including apparel, accessories, keychains, plush toys, and detailed figures. Fans can also enjoy immersive photo spots that bring the world of One Piece to life.

The store’s design draws inspiration from the One Piece Egghead Arc, where the Straw Hat Pirates explore the futuristic Egghead Island. This thematic setting adds a unique and immersive atmosphere for shoppers, making it more than just a retail experience.

Ng Kuan Luen, director of the Singapore-based omnichannel platform Omnisekai and part of the store’s management, shared his enthusiasm: “We are thrilled to announce the One Piece Mugiwara Store at Jewel Changi Airport, marking Singapore’s first-ever flagship location for this beloved manga and anime series. With its global appeal and iconic setting, Jewel Changi Airport is the perfect home for the Mugiwara Store’s debut in Singapore.”

The store opens its doors on September 12, 2025, located at 78 Airport Boulevard, #04-235/236, Jewel Changi Airport, Singapore 819666. It will operate daily from 10 a.m. to 10 p.m., inviting all One Piece fans and collectors to dive into a world of adventure and exclusive merchandise right in the heart of Singapore.

Malaysia Targets 43 Million Tourists in 2025, Sets Bold 47 Million Goal for Visit Malaysia 2026

Published: Thursday, September 04, 2025
Malaysia Targets 43 Million Tourists in 2025, Sets Bold 47 Million Goal for Visit Malaysia 2026

Malaysia is aiming high to boost its tourism industry, targeting 43 million foreign visitors this year and an even more ambitious 47 million in 2026. This bold vision aligns with the Visit Malaysia 2026 (VM2026) campaign’s goal to attract travelers who stay longer and spend more, strengthening the nation’s position as a top global destination.

Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi, speaking after chairing the VM2026 National Main Committee meeting on September 2, outlined three key strategies that form the foundation of the campaign’s success. Central to these plans are stronger destination branding and more aggressive marketing campaigns designed to stimulate demand. Additionally, the government is actively working to boost visitor traffic through closer collaboration with airlines, travel agencies, and key regional land and sea entry points.

The campaign also targets specific markets and high-impact tourism segments, including ecotourism, shopping tourism, and unique niche attractions tailored to meet the interests of diverse traveler groups. These focused efforts aim to maximize visitor engagement and spending.

“The VM2026 campaign is a national priority that seeks to increase tourism revenue, enhance Malaysia’s global competitiveness, and ensure that tourism continues to be a major contributor to the country’s GDP,” said Ahmad Zahid. Highlighting the sector’s strong recovery, he noted that Malaysia welcomed 38 million foreign visitors in 2024—a 31.1 percent increase from the previous year—while domestic tourism recorded 260.1 million visits, up 21.7 percent compared to 2023.

Seasonal tourism promotions are also a key focus, especially to attract visitors from the Middle East, a region challenged by extreme weather conditions at certain times of the year. One proposed initiative is to amplify the Malaysia Midnight Sale, positioning the country as a premier shopping destination for global tourists.

Ahmad Zahid emphasized the importance of unified action across government ministries and agencies to provide seamless service to visitors. “I want every ministry and agency to work together, move in step, and deliver the best experience to tourists,” he said. “With firm commitment, Malaysia will continue to excel as a world-class tourism destination, rich in culture, safe to visit, and able to generate shared prosperity.”

Supporting the overarching VM2026 campaign is a structure of six working sub-committees led by various ministries, including Tourism, Arts and Culture; Communications; Housing and Local Government; Transport; and Tourism Malaysia itself. This collaborative framework aims to strengthen Malaysia’s presence in both existing and emerging markets.
“I am confident that with serious focus and cooperation, Malaysia will boost its tourism sector significantly by 2026,” Datuk Seri Ahmad Zahid concluded.

The ambitious VM2026 campaign underscores Malaysia’s commitment to revitalizing tourism and capitalizing on its diverse attractions, from natural wonders to vibrant cultural experiences, ensuring the country remains a beloved destination for travelers worldwide.

Phuket Tourism Booms in 2025 with 7.6 Million Visitors and 290 Billion Baht Revenue

International arrivals, new flight routes, and strong hotel occupancy rates reinforce Phuket’s status as Thailand’s top tourist destination.
Published: Thursday, September 04, 2025
Phuket Tourism Booms in 2025 with 7.6 Million Visitors and 290 Billion Baht Revenue

The island paradise of Phuket is riding an extraordinary wave of tourism recovery in 2025, welcoming millions of travelers and generating remarkable revenue that underscores its position as Thailand’s premier tourist destination. Data from the Provincial Tourism Authority of Thailand (TAT) Office in Phuket reveals that over 7.6 million tourists arrived between January and July alone, injecting an astonishing 290 billion baht into the island’s economy.

Governor Sophon Suwannarat highlighted the diverse mix of visitors fueling this resurgence. Russians, Chinese, and Indians topped the arrival charts for the seven-month period, while European tourists surged in July, accounting for nearly 43% of visitors in that month. July’s tourist count reached approximately 887,000, contributing 36 billion baht to the local economy, a vivid sign of the island’s enduring appeal.

Hotel occupancy rates reflect healthy demand, with an average of 76.61% from January to July and a July occupancy of 63.99%, which mirrors typical seasonal travel patterns. The bustling hospitality sector benefits from a steady flow of international travelers who continue to choose Phuket for leisure, business, and cultural experiences.

Phuket’s growing visitor numbers are strongly supported by increased air traffic. Phuket International Airport recorded 63,007 flights in the first seven months of the year—a 6% rise over the same period last year. July by itself saw 7,896 flights touching down, signaling robust connections and accessibility for global travelers.

Adding to the island’s global reach, three new international airlines launched direct routes to Phuket in 2025. AirAsia inaugurated a four-times-weekly Medan-Phuket route, Asiana Airlines increased connectivity with 14 weekly flights from Seoul, and Air France began operating a thrice-weekly Paris-Phuket service. These new links not only broaden Phuket’s market but also make the island more accessible to diverse audiences.

Maritime tourism is also thriving. From January to July, 154,217 visitors arrived via 55 tourist boats, complemented by 670 travelers onboard 527 yachts, reinforcing the importance of sea-based arrivals in Phuket’s tourism mosaic.

Last year, Phuket welcomed a record 13.1 million visitors and amassed staggering tourism revenue of 497 billion baht, securing its status as Thailand’s top-earning province for tourism, as reported by the Bangkok Post. Encouragingly, the current year’s figures suggest Phuket is well on pace to match or potentially surpass those high benchmarks by year-end.

With expanding flight routes, consistently strong hotel occupancy, and tourists arriving from all corners of the globe, Phuket’s tourism sector is not merely recovering—it’s booming. The island is poised to continue dazzling travelers and driving economic growth well into the future, reaffirming its crown jewel status in Thailand’s tourism landscape.