Singapore Airlines Ltd. has announced a new partnership with Philippine Airlines Inc., allowing them to codeshare on flights to and from Manila and 27 destinations in the Philippines. This agreement is set to begin this quarter, pending regulatory approval. In addition to this, Philippine Airlines will have the opportunity to codeshare on Singapore Airlines flights to European cities such as Paris, Rome, and Zurich.
Codesharing agreements like these allow airlines to sell seats on each other’s flights, providing passengers with more travel options and enabling the airlines to split revenue. The two carriers have also expressed their intention to expand the codeshare agreement to include more destinations in Europe, Australia, India, New Zealand, and South Africa.
In addition to this latest partnership, Singapore Airlines has existing collaborations with Malaysia Airlines and is pursuing similar agreements with other airlines such as Garuda Indonesia, Thai Airways International Pcl, and Vietnam Airlines JSC to enhance its global reach.
Tim Bacchus, a senior aviation analyst at Bloomberg Intelligence, commented on the partnership, stating that “SIA would appear to be strengthening its connectivity for its passengers from a position of strength and confidence.” He added, “It likely doesn’t feel the need to do these deals, but sees win-wins in them.”
Furthermore, Singapore Airlines is poised to take a 25.1 percent stake in the enlarged Air India Ltd. once the flag carrier receives formal approval to merge with Vistara. The airline’s shares have experienced a 12 percent increase this year, marking the second-best performance on a Bloomberg gauge of Asia-Pacific carriers, which is down 14 percent in 2023.
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