SINGAPORE – Singapore Airlines (SIA) has been ranked the world’s No. 1 airline by Fortune. It was also cited as the leading Asian company in the magazine’s list of the world’s 50 most admired companies, which was announced on Wednesday (February 2).
The Singaporean carrier came in at 32nd overall, up two places from 34th last year. This is the 20th time the company has made the annual list.
Tech giants Apple, Amazon and Microsoft took the top three spots while Pfizer came in fourth. This is Apple’s 15th consecutive year in the top spot.
SIA ranked ahead of Japanese automaker Toyota Motor, which came in 34th place, the only other Asian company to make the list. It also beat other global giants such as BMW, Bank of America, PepsiCo, IBM and Visa.
Global consultancy Korn Ferry, which works with Fortune on the list, described the annual rankings as the “definitive balance sheet on corporate reputation”.
It was based on a survey of 3,740 executives, directors and analysts from various industries, who were asked to rank the companies they most admire in any industry. Companies were assessed on nine attributes, such as their ability to attract talent, the quality of their management and their social responsibility.
SIA took the top spot among global airlines this year, rising from second place last year. It is ahead of Delta Air Lines and Air France-KLM, respectively second and third on the air scene. The ranking is based on responses from airline industry executives.
SIA Chief Executive Goh Choon Phong said the global airline industry has faced unprecedented challenges over the past two years.
“This recognition by Fortune is a recognition of SIA’s unwavering focus on delivering industry-leading products and world-class service to our customers, as well as the spirit of innovation that permeates all areas of our business. despite the disruption caused by the pandemic,” Goh said, adding that the company will build on ongoing efforts to grow stronger as a leading international airline.
“It is also a tribute to the resilience and dedication of our people.”