SilkAir is one of the leading brands in the airlines sector. SilkAir SWOT analysis evaluates the brand by its strengths & weaknesses which are the internal factors along with opportunities & threats which are the external factors. Let us start the SWOT Analysis of SilkAir:
Meet the needs of the customers who want a reliable and safe flight for a competitive price
Air tickets for short and medium haul destinations
Explores more exotic destinations, without diluting its brand and pricing.
Maintained annual double digit capacity growth, driven by the introduction of new 737-800s
Nearly 1500 people are employed with the brand
Popular frequent flyer program for loyal customers
It also has Tradewinds Tours and Travel as its subsidiary
The brand has been recognized with several awards
Above are the strengths in the SWOT Analysis of SilkAir. The strengths of SilkAir looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Limited global reach compared to larger international players
Increasing fuel and labor prices have made margins & profits very little
These were the weaknesses in the SilkAir SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Long-haul low-cost operations can become core to long term evolution
Partnerships can be expanded
Premium economy product should boost competitiveness
Above we covered the opportunities in SilkAir SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Capacity growth has unexpectedly slowed since it took its first 737-800 in Feb-2014.
Competition from Gulf carriers
Overcapacity in the regional market
The threats in the SWOT Analysis of SilkAir are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Full-fledged airline travelling to several international destinations
Business travelers and tourists wanting good customer service and comfort
Best in class luxury and service with flights to destinations in SEA
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