A SWOT analysis leads the company to identify the positives and negatives inside the company’s organization (Strengths and Weakness) and outside of it, in the external environment (opportunities and Threats). Developing a full alertness of the company’s situation can help with both strategic planning and decision-making. Doing a SWOT analysis should be done before setting an object for a business, since this would allow achievable goals or objectives to be set for the organisation.
Singapore Airline is a well- known airline in the world and it is one of the main East Asian has flights practicing across most of the well-known places of Asia like Hong Kong, Japan, Malaysia, Thailand and China. In the following paragraphs, a SWOT analysis will be identified dentally.
Strength of Singapore Airline:
-Singapore Airline has a strong backing from the Singapore Government
-Durable Hub in Singapore
-Satisfied Customer Base and Desired Airline of Passengers.
-One of the top airline brands in terms of market capitalisation and number of passengerscarried.
-Known for its top and excellent service and supreme customer service and hospitality.
-First-rate branding and marketing has made Singapore Airlines to be one of the top airline in the world.
-Over 60 destinations in nearly 35 countries across the 6 regions (including two longest non-stop commercial flights).
-First to provide hot and alcoholic meal to customer.
-It has the youngest fleet of aircraft of airline industry.
Weakness of Singapore Airline
-It cost a lot of money to travel from Singapore Airline.
-Relying seriously on international traffic.
-Market share is less because of increasing competition.
-Turnover ratio has been reduced since Singapore Airline has been maintaining a good financial performance these few years.
-Unbalanced portfolio.
-By cutting of wages and minimum sizing in bad economic conditions, the relationship between labour union and management has been destructed.
Opportunities of Singapore Airline
-Can influence the outstanding hub which it has created in Singapore
– Brand-new fleet to improve customer confidence
– More international destinations to leverage on its high charge brand image
– To making people feel curious, company can plan and develop marketing strategies in its growth areas where it can attract new customers. They have a enormous opportunity to increase its market base by expanding across Middle East, India and China.
– Offer the most inclusive and scrupulous training program to staffs to ensure brand experience and suitability.
Threats of Singapore Airline
– A lot of competitors (Cathay Pacific, Qantas, Thai Airline and China Southern Airline)
– Should go for low cost flights.
– Price of ticket increased because of the price increasing in oil.
– Fuel cost raised.