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Singapore Airlines reports record Q1 profit boosted by travel demand

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Singapore, August 1 (ANI): Tue Group (SIA), co-owner of Indian airline Vistara, last week reported its highest-ever operating profit of 556 million SGD (403 million USD) for the first quarter on “spiky passenger demand”. It’s the second-highest quarterly operating profit in the airline’s history.

That comes after it scraped into positive territory with a profit of SGD10 million (US$7.2 million) for the second half of its last fiscal year when it announced its full-year earnings in May. It reported an operating loss of SGD 620 million for the first half of the same financial year. The SIA’s financial year runs from April to March.

SIA Group reported a net profit of SGD370 million (US$268 million) for the first quarter versus a loss of SGD210 million in the last quarter of the previous fiscal year, an improvement of SGD580 million. The airline attributed this to better operating performance, up SGD 623m, and an absence of SGD 66m in non-cash impairments, partially offset by tax expense versus a SGD 95m tax credit last quarter.

Reduced proportion of associated losses like Vistara also improved its performance by 25 million SGD.

SIA entered the quarter ahead carefully calibrating its response to the pandemic and preparing for rising demand.

In a statement, SIA said: “Since the beginning of the pandemic, the SIA Group has proactively reviewed all aspects of our operations to ensure the entire organization is ready to respond quickly to changes in the operating environment.


and Scoot were among the first airlines to launch services and begin selling points served from Changi Airport since the start of the easing of restrictions in September 2021. Group capacity increased from an average of 47 percent of pre-pandemic levels in Q4 FY2021/22 to 61 percent in Q1 FY2022/23 to meet significant pent-up demand.”

Unlike in where airlines have had to cut flights to accommodate them Demand increases SIA the number of flights.

With As demand picks up, the industry in general is in a situation of being unable to hire and train workers fast enough after shedding thousands of workers during the pandemic. It is also not possible to get mothballed aircraft back into service quickly enough.

In early July, British Airways said in a statement to NBC News that it would cancel 10,300 more short-haul flights by the end of October. It added: “British Airways will be canceling more flights in the crucial summer holiday months as airlines and airports get mixed up Struggling to keep up with strong post-pandemic demand from holidaymakers. The entire aviation industry continues to face major challenges and we are fully focused on making our operations more resilient to give our customers the peace of mind they deserve.”

Similarly, KLM and Lufthansa also made statements to their customers that they have to cut flights to ensure reliability and service security. The reason for this is the labor shortage not only among the airlines, but also among partner service providers at airports.

Lufthansa said in its statement: “When summer starts in the northern hemisphere and with global Restrictions that have now been almost completely lifted, everyone involved in air traffic around the world is coming up against the limits of the resources currently available almost every day. And the ramp-up of the complex air transport system from almost zero to now almost 90 percent is clearly not progressing with the reliability, robustness and punctuality that we would like to offer you again.”

Dutch airline KLM said: “Work pressures at the airport are unrelenting at the moment as both Schiphol and KLM face staff shortages. The measures taken by KLM are aimed at restoring operational stability and thereby relieving the pressure on the employees at Schiphol and KLM. Until August 28, we will be canceling 10 to 20 round-trip flights to European destinations every day.”

The reduction in flights in and increasing demand has caused airfares to skyrocket.

A search of August flights on airline websites revealed that an economy round-trip ticket from Singapore to Munich with Lufthansa costs $1,600, while an SIA ticket from Singapore to London costs almost $3,000. These cost about $900 before COVID.

Those who were better prepared benefited from this which is busy adding flights to its network.

In its statement on the financial results, it said that SIA and low-cost subsidiary Scoot are adjusting their networks for the Northern Winter operating season (October 30, 2022 to March 25, 2023). SIA will increase connections to points across Japan, bring its Indian network back to pre-pandemic levels, add more flights to Los Angeles and Paris, and continue its direct services to Vancouver. Scoot will introduce non-stop flights to Tokyo (Narita) and Osaka, as well as add more flights to Bangkok, Cebu, Manila, Seoul and Surabaya. Group capacity is expected to increase to around 68 percent of pre-pandemic levels by September and around 76 percent by December.

Earlier this month, SIA announced that it plans to gradually bring all of its flights in India back to pre-pandemic levels by the end of October. It will gradually increase its flight frequency and operate 17 weekly connections to Chennai from the current 10 flights per week. Connections from Kochi will be increased from the current seven flights a week to up to 14 times a week. Bengaluru flights will operate up to 16 times a week, up from the current seven flights a week.

SIA expects travel demand to remain robust in the short-term and forward sales to remain buoyant over the next three months to October 2022.

However, she warned: “Inflationary pressures, including higher fuel prices, remain a concern. Interest rate hikes and slowing economic growth in many countries around the world, including SIA Group’s key markets, are risk factors for the recovery in passenger travel and air cargo demand, which we are closely monitoring.

(Only the headline and image of this report may have been edited by the staff at Business Standard; the rest of the content is auto-generated from a syndicated feed.)



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In the coming three holidays, this route of Rishikesh may remain jammed, you can also choose this route.

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Everyone has made it their goal to travel during the three-day public holiday on August 15, there will hardly be anyone who will not use these public holidays. Though there are many places to visit near Delhi but if you want to visit Rishikesh with friends then let us tell you that in such place you can get a lot of crowd in these three days. In addition, you may have to face traffic jams when driving from Delhi to Rishikesh. In such a situation, today we will tell you some such routes, with the help of which you can to some extent avoid traffic jams.

Route 1: New Delhi – Meerut – Muzaffarnagar – Roorkee – Haridwar – Rishikesh via NH 334

For those who choose Route 1, it takes about 6 hours to reach Rishikesh via NH 334. Rishikesh is 235 km away from New Delhi. On this route, the road will take you through some important places like Meerut and Muzaffarnagar. The roads are in very good condition, it is easy to walk a short distance from here. In the coming 3 days holiday this place between Rishikesh and Nainital will be better, which place would you like to visit?

(Image credit: TOI.com)

Route 2: New Delhi – Hapur – Chandpur – Najibabad – Haridwar – Rishikesh Via NH 9

-2-9

If you choose route 2, it will take you around 7 hours to reach Rishikesh via the NH 9 and the total distance from New Delhi to Rishikesh is around 288 km. You can plan to visit here on the weekend, leave on Saturday morning and then rest in the evening and start your trip the next day. Then you can come to Delhi at night on Monday ie 15th August. These 6 countries will fulfill the dream of living abroad, lakhs of rupees will be given to the citizens upon their settlement

(Image credit: Economic Times)

Short stop in Meerut and Haridwar –

Coming from Route 1 you will see many Punjabi dhabas in Meerut. Here you can stop to have some breakfast water. This stopover is perfect from where you can eat delicious parathas. Once you reach Haridwar you can have your lunch by stopping here and also visit some ghats and famous temples here. This place is one of the holiest places in the country and large numbers of pilgrims come here to wash away their sins and seek blessings. Rishikesh is 25 km from here which you can reach in 45 to 60 minutes. Now that you have seen the place to visit, book a government guest house for less than Rs 1800

(Image credit: indiatimes.com)

How to reach – How to reach

-how to reach

Apart from the road, if you are thinking of traveling by train and plane, you can go this way.

By plane: Jolly Grant Airport is the nearest airport at a distance of 21 km. This airport is connected to many places across the country.

By train: Rishikesh railway station is well connected to the rail network and trains run from all over the country. I have seen many hill stations near Manali, Mussoorie, now see these magnificent hill stations near Dehradun

Places to visit in Rishikesh – Places in Rishikesh

-Places-in-Rishikesh

There are many places to see in Rishikesh but there are some places you can visit in a 1 to 2 days trip such as Beasi, Kaudiyala, Mun ki Reti, Bharat Mandir, Rishikund, Terah Manzil Temple.

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Why You Should Travel To Rajasthan In August

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Why You Should Travel To Rajasthan In August


Jaipur: The long weekend is just around the corner and if you haven’t planned a trip yet, add a visit to Rajasthan to your plans. With the onset of the monsoon season, the scorching heat of June and July is behind us and the weather is pleasant to visit the “Desert State of India”. In fact, the month of August is one of the best times to experience Rajasthan in all its verdant splendor that surrounds the state’s historic forts.Also read – Rajasthan: Woman fills in well with 4 children, all die; she survives

Why you should travel to Rajasthan in August

In August, Rajasthan enjoys light rains and comfortable temperatures of around 33 degrees Celsius due to the advent of monsoon rains. During this period the weather is just perfect – not too hot or not too cold. Also read – Explained: What is Lumpy Skin Disease That Killed Over 3,000 Cattle in Rajasthan, Gujarat?

Plus, the rain showers turn the state’s barren and arid land green, making up for the spectacular views. During this time, the view from the top of the forts and historical sites is one of lush greenery – a sight not to be missed. In addition, the rain and pleasant weather make the hard work to climb the summit worthwhile. Also read – Tina Dabi shares images showing Jaisalmer’s monsoon beauty after Rajasthan receives its heaviest rainfall in 66 years

Sightseeing in Rajasthan in August

Udaipur

This image shows the Ganges River in Udaipur. (Photo/AFP)

Udaipur – the city of lakes – is a sight to behold in August. The city has seven lakes including Fateh Sagar Lake, Lake Pichola, Swaroop Sagar Lake, Rangsagar and Doodh Talai Lake which are recharged by the monsoon rains. Travelers can book a stay at the Taj Lake Palace right in the middle of Lake Pichola for breathtaking views of the city. Aside from these beautiful lakes, the city is home to some of the country’s grandest palaces, which are major tourist attractions.

jalore

Jalore Fort (Source: Facebook)

Tucked away in Aravallis, Jalore is another great place to visit during the monsoons. During this period, the Aravalli forest is particularly spectacular after fresh rain showers. Jalore is also called the city of granite and majesty. Sundha Mountain, just outside the city limits, is a great place to visit and the views from the top are stunning. Make time for Jalore Fort and Swarn Giri Fort as well, they are some of the city’s top attractions.

Other

Garh Palace (Bundi) (Photo/ Pinterest)

A grand spectacle, Bundi is all about magnificent forts and ancient baoris (stepped reservoirs). During the monsoon these step reservoirs are filled with fresh water and make for a breathtaking view. Also, the hills around Bundi are revived with green vegetation and the rivers have swelled again after the rains.

Mount Abu

Mount Abu (India only/Getty Images)

The beautiful hill station in Rajasthan always enjoys pleasant weather and it’s even better during the monsoons. Mount Abu offers countless activities for tourists like trekking, hiking, zip lining to name a few. But if you want it to be a peaceful vacation, you can visit places like Guru Sikhar, Nakki Lake, Mount Abu Sanctuary, Toad Rock Viewpoint, Dilwara Jain Temple, among others.

jaipur

Hawa Mahel, Jaipur (Photo/Pinterest)

The Pink City shines in all its glory in August. After the monsoon showers have washed away all the dust and dryness of summer, Jaipur’s fantastic architecture looks like it has had a fresh coat of paint. The colors of the red sandstone monuments emerge after rain and Jantar Mantar, Hawa Mahal, Mandir Palace, Laxmi Narayan Temple, City Palace, Amer Fort, Jaigarh Fort, Rambagh Palace and other places look like they have get a new life.



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Top Things To Do In Jodhpur

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Located on the edge of the Thar Desert in western Rajasthan, Jodhpur continues to be a global tourist magnet. Jodhpur has been given several epithets such as Blue City and Sun City. The Rajasthanis affectionately call it Jodhana. The former capital of the Marwar kingdom is home to Rajasthan’s largest fort and several grand palaces, temples, gardens and markets full of old world charm and offers an amazing travel experience. Here we present you the best things to do in Jodhpur. By Karan Kaushik

Things to do in Jodhpur

Walk through the pages of history at Mehrangarh Fort

Mehrangarh, often touted as the citadel of the sun, stands tall and proud as Rajasthan’s greatest fortress. It was built by Rao Jodha in 1459. Perched on a sheer bluff 400 feet above the city, this burnished red sandstone structure is backed by many stories. Its beauty has attracted many admirers such as Rudyard Kipling; he called it “the work of giants.” Today it is widely regarded as one of the best preserved forts in India. The main attraction of the fort is its Museum. Miniature paintings, palanquins, weapons and valuable mementos of the royal family are on display here. The main attractions of the fort are Sangar Chowki, Zenana Mahal and Phool Mahal.

Go ziplining over the Blue City

The Flying Fox Zipline Tour in Jodhpur is an exciting experience that will stay in your memory forever. Former British Prime Minister Boris Johnson described this zip line as Jodhpur’s best part. “The zip lines send you around the moats and pinnacles like Batman,” he had said. The zipline takes you over two desert lakes and the Rao Jodha Ecopark, offering stunning views of Mehrangarh and the Blue City.

Rao Jodha Desert Rock Park

Located near the famous Mehrangarh Fort, this 72-hectare ecologically restored desert came back to life in 2006 after careful reconstruction. Rao Jodha Desert Rock Park, once an arid, decaying, barren land of vegetation, now boasts a local nursery, convenience store and cafe. Visitors can even hike trails amidst the 250 native plant species here and embark on a mission to spot several species of reptiles and over 200 birds along the way.

Revel in the Umaid Bhawan Palace

The magnificent Umaid Bhawan Palace has hosted prolific figures from around the world over the past few decades. The palace is a fine example of Indo-Saracenic architectural style and was named after and built by Maharaja Umaid Singh. It is also known as the Chittar Palace due to the use of Chittar sandstone in its construction. Interestingly, no mortar was used in the entire construction. Instead, hand-carved blocks of sandstone were interlocked. Today is part of the palace doubles as a hotel, while the others house model airplanes, guns, antique clocks, and priceless crockery for the public.

Admire the architecture of Rajasthan at Mandore Garden

Like Jodhpur itself, Mandore Garden has many names. Maddodara, Mandowar, and Mandavyapura-Durga are some of the oldest names all believed to have descended from Rishi Mandavya. Locals believe that the gardens were originally tended by Nagas, followed by Pratiharas, Chahamanas, Sultans of Delhi and finally Rathores. Today the garden is the site of many magnificent antiques temple, monuments and high rock terraces. The monoliths here date from the early fifth century. Indeed are two intricately carved monoliths depicting scenes from Krishna Leela were excavated in 1909-10. On the other side, the hilltop Mandore Palace and Fort date back to the sixth century. The highlight at Mandore Gardens, however, is the government-run museum, which houses artifacts and relics of historical importance.

Explore the twin lakes of Ranisar-Padamsar

These interconnected pristine waters are considered the twin lakes of Jodhpur and are located near Mehrangarh Fort. Both lakes date back to 1459 and were built with the intention of natural water conservation. Although it’s in a largely deserted area Condition, these lakes have a very unique quality – they rarely run out of water. Head here at the height of dawn to enjoy the water in all its glory and watch the towering fortress dance in the waves.

Take gram worthy photos in Jaswant Thada

Dating from 1899, Jaswant Thada is a famous cenotaph. While it now serves as the cremation ground for the Marwar Rajput royal family, it was originally built by Maharaja Sardar Singh of Jodhpur in memory of his father, Maharaja Jaswant Singh II. That cenotaph is built entirely of thin and intricately carved marble slabs. They have been polished to shine under the summer sun. The main cenotaph – that of Maharaja Jaswant Singh – is surrounded by portraits of rulers. In addition, the Jaswant Thada site features pavilions, a tiered garden, three other cenotaphs and a small lake.

Shop at the Clock Tower Market

No trip to Jodhpur is complete without going on a Shopping Spree. Enjoy hot Pjas Kachoris and Mirchi commander before you start splurging on everything Rajasthani. The Sardar Market in Girdikot is centered around the famous Ghantaghar or Clock Tower. The market sells everything from Jodhpuri mojaris to Lehariya Sarees, Dupattas, Safas, ethnic jewelry and more.

Plan a detour to Osian

Ossian or Osiyan is an oasis town in the Thar desert of Jodhpur district. Often referred to as the Khajuraho of Rajasthan, this historic city is famous for its Hindu and Jain temples. While here, visit the Jain Mahavira Temple which houses an idol of Mahavira made of cow’s milk, mud and a gold cloak. Then there is the Sachayee Mata Mandir, the most important Hindu temple in Osian. You may also fancy a camel safari or an ATV ride in the sandy terrain of Osian.

Feature Image Credit: Shutterstock; Hero photo credit: Makm Photography/Unsplash

Related: Looking for a cultural holiday? Drive straight to Rajasthan!



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