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SIA revived
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Sin_Cos_Tan
Veteran |
16-Oct-2024 09:56
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SIA Group passenger capacity up 9.7% in September, outpacing passenger traffic growth In total, the national carrier and its low-cost arm Scoot carried 3.1 million passengers that month  SINGAPORE Airlines : C6L +1.1% (SIA) Group posted a 9.7 per cent increase in passenger capacity in September, outpacing the 7.7 per cent growth in passenger traffic recorded that month. The national carrier and its low-cost arm Scoot flew a total of 3.1 million passengers in September, up 7.9 per cent from the year before, the group' s latest operating update indicated on Tuesday (Oct 15).  Group passenger load factor clocked in at 86.1 per cent, with SIA and Scoot posting monthly load factors of 85.7 per cent and 87.3 per cent, respectively. The passenger load factor measures how much the airline' s passenger capacity has been utilised. It is calculated by dividing the airline' s revenue passenger kilometres by its available seat kilometres. Cargo loads rose by 12 per cent on the year, supported by stronger demand due to new mobile product launches, said SIA. This surpassed the expansion of cargo capacity, which was up 10.4 per cent.  Cargo operations consequently saw a load factor of 58 per cent, up 0.9 percentage point from a year ago. During the month, Scoot launched services to Subang, Malaysia, and Kertajati, Indonesia, expanding SIA Group&rsquo s network in South-east Asia. https://www.businesstimes.com.sg/companies-markets/sia-group-passenger-capacity-9-7-september-outpacing-passenger-traffic-growth |
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BinderyT
Elite |
15-Oct-2024 19:17
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The issue isn' t revenue/capacity/load, etc.   The issue is profit and escalating cost.   SIA needs to manage their fuel hedges and manpower cost.   If they can do that, the share price will moon.
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Sin_Cos_Tan
Veteran |
15-Oct-2024 19:10
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Passenger load factor (%)  GROUP AIRLINES (PASSENGER)  Sep 24 /Aug 24 / Jul 24  86.1 / 85.7/ 85.6 SINGAPORE AIRLINES Sep 24 /Aug 24 / Jul 24  85.7 / 84.9 / 84.7    |
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Sin_Cos_Tan
Veteran |
15-Oct-2024 19:08
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SEPTEMBER 2024 OPERATING RESULTS In September 2024,the Singapore Airlines (SIA) Group' s passenger capacity increased by 9.7% from a year ago, outpacing the growth in passenger traffic of 7.7%. As a result, the Group passenger load factor (PLF) came in at 86.1% (-1.6 percentage points year-onyear). SIA and Scoot posted monthly PLFs of 85.7% and 87.3% respectively. The two airlines carried a total of 3.1 million passengers during the month (+7.9% year-on-year). Cargo loads rose by 12.0% year-on-year, supported by stronger demand due to new mobile product launches. This outpaced the expansion in cargo capacity of 10.4% for the same period. Consequently, cargo operations posted a load factor of 58.0% (+0.9 percentage point year-on-year). During the month, Scoot launched services to Subang (Malaysia) and Kertajati (Indonesia), expanding the Group' s network in South East Asia. At the end of September 2024, the Group' s passenger network1 covered 127 destinations in 36 countries and territories. SIA served 78 destinations, while Scoot served 71 destinations. The cargo network comprised 131 destinations in 37 countries and territories. https://links.sgx.com/FileOpen/opstats-sep24.ashx?App=Announcement& FileID=822065   |
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waitlonglong2011
Senior |
15-Oct-2024 14:28
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likely announce tomorrow or within this week
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Sin_Cos_Tan
Veteran |
15-Oct-2024 13:35
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Sept 24 Operating Staistics soon   
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Sin_Cos_Tan
Veteran |
15-Oct-2024 09:13
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MrBear12
Supreme |
13-Oct-2024 13:37
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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As long as SIA avoids Lebanese airspace and that so called cursed axis (Iran-Iraq-Syria) airspace, it should be fine for SIA and any other airline. As for high crude, let us first see how well SIA hedges its fuel requirement. That would be critical. And stop paying its staff so high bonuses, reduce and cut operational costs as tougher times are ahead for the airline industry in terms of competition and operational costs!
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MrBear12
Supreme |
13-Oct-2024 13:31
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Just ask the travellers, so much pent up travelling angst after COVID. So much SIA sales with tens of thousands of discounted tickets. Holiday goers to Japan, etc. .. ..., expanding SIA networks with brand new fleets... ... BTW, I seldom travel SIA, why? Simply because its per seat per kilometer is so very high! Perhaps that is why SIA makes so much profit!  But travellers like me are nowadays turning to alternative airlines... ... so SIA is gonna find it more difficult to profit here. Anyway, there are many others Luxe customers SIA can make money off. After all, there is that slogan " no better way to fly than to fly SIA." Believe it or not?
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waitlonglong2011
Senior |
13-Oct-2024 13:02
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Unsettled Mid-East and high oil price, this is not going anywhere far...just my thought. | ||||||
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BinderyT
Elite |
12-Oct-2024 22:23
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Just curious (don' t flame me) - Why are you guys bullish about this stock when no analyst is recommending a Buy, 4 analysts recommend Hold and 2 analysts recommend Sell? | ||||||
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MrBear12
Supreme |
11-Oct-2024 22:01
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Good thing for sure. Everyone gets to travel.
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beng1102
Elite |
11-Oct-2024 20:02
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Yes.  Next open STRONG BUY.  The price correction is likely over.  Today short volume is extremely high at 60% and only managed to suppressed the price by 1 cents.  Normal average short volume is about 24% for the last 27 days.  That show that underlying support at this price is very strong.
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Alignment
Elite |
05-Oct-2024 13:22
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Looks like SIA targeting a price war with Cathay and the Chinese airlines. Not sure if this is a good or bad thing for SIA, but defintely a good thing for SIngapore tourism. |
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ruanlai
Elite |
04-Oct-2024 12:28
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Buy on dip as this is rarely low before 1H report
Oil price up then the air fare will have reason to raise. Many musical concerts kick off in Between Oct and December DYODD |
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Mark001
Veteran |
04-Oct-2024 12:19
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It may be related to concerns about the expansion of Middle East war.
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civicavantae
Member |
04-Oct-2024 09:19
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What happened recently? Can anyone advise? Thanks | ||||||
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Barcalo
Master |
01-Oct-2024 16:30
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Nice price recovery today. | ||||||
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beng1102
Elite |
30-Sep-2024 17:31
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Price is surging and like to go above $7 soon.
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Sin_Cos_Tan
Veteran |
30-Sep-2024 09:44
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Look at the below posts.... Chinese visitors to Singapore and SIA Passengers are correlated.  
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