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Next week likely to announce the Nov' s operations updates. See share price movements seem positive news coming ahead?
Because investors lost confidence in SIA.
Manipulated by big fishes.
Manipulated by big fishes.
So quiet lately?
Though SIA saying to spend $1.1B for retrofit planes, the tickets are more expensive for some flights, including scoots recently. Investment with Air India may start seeing more gains in the future.
But, CFO left due to too generous in giving out good bonuses and did not plan for the need for retrofit? lolx, just guessing...
But, CFO left due to too generous in giving out good bonuses and did not plan for the need for retrofit? lolx, just guessing...
10c dividend with the performance declined.
It doesn' t meet MrBear' s expectations.
Be close attention.
It doesn' t meet MrBear' s expectations.
Be close attention.
SIA expects passenger yields to further moderate
The market and analysts were not impressed with the lacklustre yields
SINGAPORE Airlines (SIA) : C6L -2.48% expects passenger yields to continue to moderate amid rising industry capacity, even as dipping yields across all its markets and customer segments have hit the group&rsquo s bottom line.
At the financial results briefing for the second quarter of FY2025 on Monday (Nov 11), SIA&rsquo s chief commercial officer Lee Lik Hsin said: &ldquo Obviously yield declines are different for different routes... But I would say that the yield declines were across the board. All our routes have seen a yield moderation in light of increasing competition from the additional supply that&rsquo s put into the market.&rdquo
He also disclosed that the declines were also broad-based across all customer segments, including economy class and business class.
Passenger yield at the full service carrier was S$0.111 per revenue passenger-kilometre, 9 per cent lower year on year. At Scoot, the yield was 4.5 per cent lower at S$0.064.
But Lee said SIA will not hold back on capacity in the face of competition. Instead, the group will adjust the flights and frequencies according to demand.
The carrier&rsquo s net profit for the quarter to September more than halved as it plunged 59 per cent to S$290 million, with the drastic reduction mainly driven by lower operating profit.
Revenue amounted to about S$4.8 billion, marginally higher by 2 per cent. However, lower yields have led to a 0.9 per cent drop in passenger-flown revenue for the quarter.
Also, costs surged by 14.7 per cent in an inflationary environment and as the group ramped up capacity.
A Citi report said that the market might react negatively to SIA&rsquo s share price because some investors had expected fares to hold up because of protracted delayed plane delivery.
SIA shares slid 6 per cent in early trading on Monday, after the flag carrier last Friday evening posted financial results that were below street expectations.
However, chief executive officer Goh Choon Phong added during the Monday briefing that passenger load factors were &ldquo consistently very strong&rdquo and that they &ldquo expect demand to be healthy&rdquo .
The passenger load factor measures how much the airline&rsquo s passenger capacity has been utilised.
The helmsman also said that passenger yields in the past two years FY2023 and FY2024 were &ldquo exceptional&rdquo because SIA group had been able to capture pent-up demand as it had been preparing for the post-pandemic recovery, as well as having kept its flight crew and planes largely intact.
The current yields also were still higher than pre-pandemic levels, said Goh.
Moreover, SIA has been able to rein in costs such that the percentage rise in the full-service-carrier&rsquo s unit cost excluding fuel was lower than that in yields, compared to pre-pandemic levels.
As an illustration, the passenger yield for Q2 FY2025 was S$0.111 per revenue passenger-kilometre, 12.1 per cent higher than pre-pandemic. Yet the unit cost excluding fuel of S$0.059 was only 5.4 per cent higher.
Still, analysts were not impressed.
Raymond Yap, an analyst at CGS International, had expected a smaller drop in the passenger yields at the full-service-carrier, but noted the decline had accelerated to 9 per cent year on year for the quarter, from 5.8 per cent in the immediate preceding quarter.
Meanwhile, cargo yields&rsquo improvement of only 0.3 per cent quarter on quarter showed that SIA had not captured the strength in North Asian freight movement to Europe and North America. Yap had forecast that SIA would post a 3.9 per cent rise in cargo yields.
He noted that the spread between unit revenue and unit cost has also been falling sequentially, with the quarterly spread in Q2 being the narrowest since post-pandemic recovery began in 2022.
Yap&rsquo s &ldquo reduce&rdquo recommendation for the stock has not changed, but he lifted the target price to S$6 from S$5.88.
Sure got insidesr leaked out news. And traded before the actual results out.
commando ( Date: 08-Nov-2024 17:29) Posted:
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Yeah how come like that
Barcalo ( Date: 08-Nov-2024 16:59) Posted:
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15 cent dividend?
Seems like the result will be bad. Alot insider news traders selling down.
Announcement of FY2024/25
Second Quarter and Half Year Results
on 8 November 2024 after trading hours
No result yet?
delay?
delay?
Singapore Airlines to spend S$1.1 billion to retrofit planes
SINGAPORE: National carrier Singapore Airlines (SIA) said on Monday (Nov 4) it will spend S$1.1 billion (US$835 million) to retrofit the cabins of its long-range Airbus A350-900 planes, as competition toughens.
Cash-rich Gulf carriers like Qatar Airways and Emirates have given the industry leader a run for its money, closing the gap and even surpassing it in first and business classes, according to an analyst.
SIA said in a statement that polishing up all cabin classes in 41 of its A350-900 long-range and ultra long-range (ULR) aircraft will cost the carrier S$1.1 billion.
For the first time, the airline will introduce a " luxurious first class cabin" in seven A350-900 ULR aircraft aimed at " setting new industry benchmarks for travel on the world' s longest routes" , it said.
SIA took delivery of its first A350-900 in 2016, a year after Qatar Airways took hold of the aircraft as the launch customer.
" Over the past six years, we have extensively engaged customers and stakeholders in the design of our next-generation long-haul cabin products, anticipating their evolving preferences and expectations down to the finest detail," SIA chief executive Goh Choon Phong said.
Premium economy and economy class cabins will also be refreshed.
Shukor Yusof, founder of aviation consultancy Endau Analytics, said the investment is aimed at keeping SIA' s edge in the industry.
" SIA is a premium airline, always has been and always will be in terms of being at the top of the market," Shukor told AFP.
" But I think that the competition is becoming very stiff from the Gulf carriers, from Qatar, from Emirates and also to some extent from Turkish Airlines."
SIA said the first retrofitted aircraft is expected to enter into service in the second quarter of 2026.
The programme is expected to be completed by 2030.
Singapore Airlines Limited (&ldquo SIA&rdquo ) will be announcing its half-year financial results for the year ending 31 March 2025 on Friday, 8 November 2024, after trading hours.
SIA due to announce interim dividend this week I supposed. 10cents again likely!
Tokyo-bound SIA flight diverted to Taipei due to cracked windshield
https://www.straitstimes.com/singapore/tokyo-bound-sia-flight-diverted-to-taipei-due-to-cracked-windshield
Good development.
🐻
🐻
Sin_Cos_Tan ( Date: 23-Oct-2024 17:27) Posted:
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Air India And Singapore Airlines Deepen Partnership With Addition Of 51 New Codeshare Destinations
Air India and Singapore Airlines (SIA) have agreed to significantly expand their codeshare agreement, adding 11 Indian cities and another 40 international destinations to their network.
This marks the first extensive expansion of codeshare arrangements between the airlines since 2010, offering customers enhanced travel options between Singapore and India, as well as beyond.
From 27 October 2024, Air India and SIA will codeshare on each other' s flights between Singapore and the Indian cities of Bengaluru and
Chennai, increasing their total weekly scheduled codeshare services between the countries to 56 from 14.
SIA will codeshare on Air India' s domestic flights between Delhi and Amritsar, Bengaluru, Coimbatore, Lucknow, and Varanasi, between Mumbai and Ahmedabad,
Amritsar, Bengaluru, Coimbatore, Goa, Jaipur, Kolkata, Lucknow, and Thiruvananthapuram, as well as between Kolkata and Guwahati.
Air India customers will be able to access 29 destinations across SIA' s network. These are Adelaide, Brisbane, Cairns, Darwin, Melbourne, Perth, and Sydney (Australia),
Bandar Seri Begawan (Brunei), Phnom Penh and Siem Reap (Cambodia), Denpasar, Jakarta, Medan, and Surabaya (Indonesia), Fukuoka, Nagoya, Osaka,
Tokyo-Haneda, and Tokyo-Narita (Japan), Busan and Seoul (South Korea), Kuala Lumpur and Penang (Malaysia), Auckland (New Zealand),
Cebu and Manila (the Philippines), as well as Danang, Hanoi, and Ho Chi Minh City (Vietnam).
This includes existing codeshare arrangements to Kuala Lumpur......https://www.singaporeair.com/en_UK/us/media-centre/press-release/article/?q=en_UK/2024/October-December/jr1224-241023
Sin_Cos_Tan ( Date: 16-Oct-2024 09:56) Posted:
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