Aviation industry in Singapore - statistics & facts

The aviation industry is a significant contributor to the Singapore economy. Singapore's Changi Airport has been consistently ranked as one of the best airports in the world and offers a variety of shopping and food options for travelers. Before the pandemic, in financial year 2019/20, Changi airport had a revenue of about three billion Singapore dollars, whereas the revenue in 2020/21 fell below 700 million Singapore dollars.

Pre pandemic air traffic at Changi Airport

Changi Airport was one of the largest transportation h ubs in Asia and one of the busiest in terms of passenger traffic. In 2019, the number of moving commercial aircrafts at Changi Airport amounted to approximately 382 thousand. More than 33.5 million people were departing from the Singaporean Changi Airport. In the same year, several expansions took place contributing to increase the passenger traffic. Changi Airport added three new passenger city links to Busan in South Korea, and Hefei and Xuzhou in China. On top of that, seven airlines, including AirAsia X Berhad and Vistara, started passenger operations from the airport.

COVID-19 has severely damaged Singapore's aviation industry

However, the COVID-19 outbreak has had a massive impact on the global aviation industry. Most of the air traffic has collapsed and Singapore has not been spared either. As of December 21, the flight frequency fell to an average of minus 89 percent compared to the previous year. This development naturally had an impact on Changi Airport itself, as well as on Singapore airlines.

The number of passengers carried by Singapore Airlines amounted to about 460 thousand in fiscal year 2020/21, down from around 21 million in 2019/20. Back in 2019, Scoot, the low cost airline of the Singapore Airlines Group, was named the best budget airline in the Asia-Pacific region. Scoot would be expanding its routes with the launch of nine new destinations by the end of 2020. After the pandemic year, the outcome of this project and many others remains open. As of now, all of Singapore airlines' important key performance indicators have experienced a strong loss compared to the previous year.

Changi Airport has been in the middle of upgrading and expanding the airport and air navigation services infrastructure to ensure sufficient capacity ahead of demand. In 2019, Changi Airport opened the world's tallest indoor waterfall, located in the newly opened entertainment complex Jewel Changi Airport. By 2030, Changi Airport’s three runway system and the mega Terminal 5 was projected to increase passenger capacity by another 50 million. The plans have been put on hold and it remains to be seen whether the Singapore aviation industry will recover quickly so that the plans can be implemented on time.

Key figures

The most important key figures provide you with a compact summary of the topic of "Aviation industry in Singapore" and take you straight to the corresponding statistics.

Changi airport

Singaporean airlines

Business jets

Interesting statistics

In the following 6 chapters, you will quickly find the 28 most important statistics relating to "Aviation industry in Singapore".

Aviation industry in Singapore

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Aviation industry in Singapore - statistics & facts

The aviation industry is a significant contributor to the Singapore economy. Singapore's Changi Airport has been consistently ranked as one of the best airports in the world and offers a variety of shopping and food options for travelers. Before the pandemic, in financial year 2019/20, Changi airport had a revenue of about three billion Singapore dollars, whereas the revenue in 2020/21 fell below 700 million Singapore dollars.

Pre pandemic air traffic at Changi Airport

Changi Airport was one of the largest transportation h ubs in Asia and one of the busiest in terms of passenger traffic. In 2019, the number of moving commercial aircrafts at Changi Airport amounted to approximately 382 thousand. More than 33.5 million people were departing from the Singaporean Changi Airport. In the same year, several expansions took place contributing to increase the passenger traffic. Changi Airport added three new passenger city links to Busan in South Korea, and Hefei and Xuzhou in China. On top of that, seven airlines, including AirAsia X Berhad and Vistara, started passenger operations from the airport.

COVID-19 has severely damaged Singapore's aviation industry

However, the COVID-19 outbreak has had a massive impact on the global aviation industry. Most of the air traffic has collapsed and Singapore has not been spared either. As of December 21, the flight frequency fell to an average of minus 89 percent compared to the previous year. This development naturally had an impact on Changi Airport itself, as well as on Singapore airlines.

The number of passengers carried by Singapore Airlines amounted to about 460 thousand in fiscal year 2020/21, down from around 21 million in 2019/20. Back in 2019, Scoot, the low cost airline of the Singapore Airlines Group, was named the best budget airline in the Asia-Pacific region. Scoot would be expanding its routes with the launch of nine new destinations by the end of 2020. After the pandemic year, the outcome of this project and many others remains open. As of now, all of Singapore airlines' important key performance indicators have experienced a strong loss compared to the previous year.

Changi Airport has been in the middle of upgrading and expanding the airport and air navigation services infrastructure to ensure sufficient capacity ahead of demand. In 2019, Changi Airport opened the world's tallest indoor waterfall, located in the newly opened entertainment complex Jewel Changi Airport. By 2030, Changi Airport’s three runway system and the mega Terminal 5 was projected to increase passenger capacity by another 50 million. The plans have been put on hold and it remains to be seen whether the Singapore aviation industry will recover quickly so that the plans can be implemented on time.

Interesting statistics

In the following 6 chapters, you will quickly find the 28 most important statistics relating to "Aviation industry in Singapore".

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