Singapore Airlines says growth plans not at risk from Boeing 777X delays

Singapore Airlines (SIA) doesn’t count on its growth plans to take a serious hit as a result of Boeing pushed again the date for supply of its first 777X planes, the provider’s chief government mentioned on Thursday.

Last month, Boeing confirmed a delay to 2025 in handing prospects the primary 777X jet from a previous goal of late in 2023, however mentioned it retained confidence within the program.

Before the delays, SIA had anticipated to obtain by the top of 2023 the primary of the 31 777X planes it has on order, Chief Executive Goh Choon Phong instructed analysts and media.

“At the moment I don’t think that our growth plan will be severely hampered,” he mentioned.

“We do have some flexibility in terms of making up for any potential loss of capacity,” he mentioned, referring to the airline’s fleet plan.

The feedback got here after the provider posted on Wednesday a narrower annual lack of S$962 million ($693.63 million) for the 12 months ended March 31, together with second-half working revenue of S$10 million as border curbs eased and passenger numbers rose.

SIA mentioned passenger capability would common about 61% of pre-pandemic ranges within the first quarter and 67% within the second quarter of the present monetary 12 months. ($1=S$1.3869)

Reuters.com by Jamie Freed; Editing by Clarence Fernandez