Symbol Lookup
Register | Login

Pre Market | Dow Jones | Gold | Newsletters | Learn

Sign of the Times: Another Ultra-Long Business Flight is Permanently Grounded

Thursday, November 21, 2013 2:17 PM

Here's something to keep in mind if you find yourself stuck at an airport over the holidays: at least you're not flying on one of those seemingly endless, ultra-long-distance flights that have been a business-class staple for years.

But the era of ultra-long business flight appears to be ending.

Business travel columnist Joe Brancatelli reports the world's longest non-stop commercial route, the Singapore Airlines (OTC:SINGY) 18-hour, business class-only flight between Newark, N.J. and Singapore, will end on Saturday. The airline also retired the world's second-longest non-stop flight, Los Angeles-to-Singapore, last month.

Related: Boeing's New Airliner Tops Big Year for the Stock

The 9,320 mile (15,332 kilomter) Newark flight began back in 2004 with great success – but it's apparently fallen victim to both rising fuel prices and an overall corporate belt-tightening that began with the start of the global recession in 2008.

Brancatelli says the Newark-Singapore flight is just the latest long-haul route to be taken out of service by the airlines. Philippine Airlines halted its 16-hour Toronto-to-Manila flights earlier this year. Delta (NYSE:DAL) ended its 16-hour Detroit-to-Hong Kong run last year and its 17-hour Atlanta-to-Mumbai route in 2009 – while American Airlines (OTC:AAMRQ) discontinued its 15-hour Chicago-to-New Delhi flights in 2012.

And the Wall Street Journal  points to another factor hastening the demise of long-haul business flights: the rise of discount airlines in Asia.

“Budget airlines now account for one-quarter of Asia-Pacific airline traffic,” the newspaper noted last year, “with their more competitive pricing forcing legacy airlines to discount.“

The change means Singapore Airlines, the fifth-largest Asian air carrier serving the U.S. market, will lose its competitive advantage, especially with very lucrative, premium-travel customers.

"A business that relies more on premium customers than on economy (class) would be hardest hit…including quite a few of the legacy carriers, particularly Singapore Airlines and Cathay Pacific (OTC:CPCAY)," Paul Ng, global head of aviation for law firm Stephenson Harwood, told the WSJ.

Related: Global Eagle Entertainment Wi-Fi service on Southwest Airlines Now Available Gate to Gate

For American businesses with interests in Singapore, one of Asia's most important business hubs, the change also means a loss of another precious commodity: time.

“Losing the nonstops means adding at least two hours and as many as five hours to a Singapore itinerary,” Brancatelli laments. “Fliers in the New York metropolitan area who want to continue flying Singapore Airlines must use its connecting service from John F. Kennedy Airport via Frankfurt. For Southern California fliers loyal to Singapore Airlines, it’s now an LAX-Tokyo-Singapore connection.”

(c) 2013 Benzinga does not provide investment advice. All rights reserved.


FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!
Markets Steady Despite Mixed Economic DataMarkets Steady Despite Mixed Economic Data
U.S. stocks were little changed as economic data came in mixed. The Commerce Department reported that new home sales fell in the month June, while initial jobless claims came in better than expected...
Traders Digest Southwest Earnings As Twitter Story Dominates SentimentTraders Digest Southwest Earnings As Twitter Story Dominates Sentiment
Shares of Southwest (NYSE: LUV ) were whipsawed today, going from up roughly 5 percent in the premarket to unchanged on the open on Thursday. The company issued great financial statements. Earnings...
Delta Q2 2014 Conference Call HighlightsDelta Q2 2014 Conference Call Highlights
Delta Air Lines (NYSE: DAL )reported its Q2 2014 conference call Wednesday after the market open, releasing details of sales and some guidance. Before the conference call, Delta released earnings ...
Wednesday Morning Earnings ReportsWednesday Morning Earnings Reports
A number of companies released earnings following Tuesday`s closing bell and before Wednesday`s opening bell. Below are some of the highlights. Apple (NASDAQ: AAPL ) 3Q EPS of $1.28 compared to...
UPDATE: Delta Air Posts Higher Q2 Earnings, Shares GainUPDATE: Delta Air Posts Higher Q2 Earnings, Shares Gain
Delta Air Lines (NYSE: DAL ) reported a 17% gain in its second-quarter earnings. The Atlanta, Georgia-based company posted a quarterly profit of $801 million, or $0.94 per share, versus a year-ago ...
Earnings Scheduled For July 23, 2014Earnings Scheduled For July 23, 2014
The Boeing Company (NYSE: BA ) is projected to report its Q2 earnings at $2.01 per share on revenue of $22.23 billion. Air Products & Chemicals (NYSE: APD ) is expected to report its Q3 earnin...
Stocks To Watch For July 23, 2014Stocks To Watch For July 23, 2014
Some of the stocks that may grab investor focus today are: Wall Street expects Pepsico (NYSE: PEP ) to report its Q2 earnings at $1.23 per share on revenue of $16.81 billion. Pepsico shares slipped...
FAA Puts 24-Hour Ban On Israeli Flights After Rocket Hits Near AirportFAA Puts 24-Hour Ban On Israeli Flights After Rocket Hits Near Airport
The Federal Aviation Administration banned U.S. airlines Tuesday from Israel`s Ben Gurion International Airport in Tel Aviv for a period of up to 24 hours. The agency said it issued the ban in respo...
The 10 Most-Respected Corporate BrandsThe 10 Most-Respected Corporate Brands
Public respect for a corporate brand fluctuates based on any number of factors, from management changes to product offerings, which is why branding consultancy CoreBrand releases an annual report ...
Airline and Russian ETFs Move Lower Following Malaysia Airlines CrashAirline and Russian ETFs Move Lower Following Malaysia Airlines Crash
News that a Malaysian commercial aircraft with nearly 300 people on board had crashed -- and was possiblly shot down -- near the Ukrainian-Russian border on Thursday has prompted both air carriers a...

Loading Headlines...

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.

Learn the Stock Market

Sharper your stock trading skills with our stock market education section.