Singapore Airlines *Official* (SGX:C6L)

Wood41

Wood41

Supremacy Member
Joined
Jan 17, 2002
Messages
8,631
Reaction score
2
Its Europe partner Lufthansa staffs ( pilots this round ) are striking ! :o
 
Shion

Shion

Senior Mentor
Joined
Oct 24, 2008
Messages
359,185
Reaction score
109,404
Is SIA about to be kicked out of the Kangaroo route?

Is SIA about to be kicked out of the Kangaroo route?

http://www.theedgemarkets.com.sg/sg/article/sia-about-be-kicked-out-kangaroo-route

SINGAPORE (Dec 21): Singapore Airlines Group is not about to feel the year-end holiday cheer as its passenger load factor deteriorated further in November, in what is typically the peak season for travel.

Instead, passenger load factor fell 1.9 percentage points on the group level, due to lower passenger traffic and the lowest passenger load in 8 months of 76.9%. In fact, with the exception of Tigerair, all other subsidiaries had lower passenger loads.

“The continued weakness in loads in the peak travel period does not bode well for peak 3Q earnings expectations,” said UOB Kay Hian’s analysts K Ajith and Sophie Leung.

SIA Cargo’s performance was equally poor, with cargo traffic growth decreasing from 10% in October to 3.4% in November. Cargo loads also fell for all regions except East Asia.

The most concerning, was the 8 percentage point decrease in passenger loads to the Southwest Pacific region, which the group attributed to “material increases in industry capacity”.

Ajith and Leung point out that the Big 3 Chinese carriers had increased seat capacities to Australia by 12% in December, and could increase them further with the Dec 4 agreement between China and Australia which removed all capacity restrictions between the two countries.

“About 19% of SIA’s capacity in km-terms is directed towards Australia and we believe SIA’s loads on this sector will likely continue to fall,” said the pair.

To that end, UOB Kay Hian has maintained its “hold” recommendation on SIA and its target price of $10.10.

Shares in SIA are trading higher at $9.82 on Wednesday.
 
Wood41

Wood41

Supremacy Member
Joined
Jan 17, 2002
Messages
8,631
Reaction score
2
SIA always tries to price itself out.
It should be like those middle eastern airlines , cheaper but look good.
 
Wood41

Wood41

Supremacy Member
Joined
Jan 17, 2002
Messages
8,631
Reaction score
2
SIA would not be able to charge premium from SAF.
It should not depend on Singapore residents only.
 
A4size

A4size

Senior Member
Joined
Dec 28, 2016
Messages
1,638
Reaction score
141
SINGAPORE AIRLINES LIMITED

DATE OF RELEASE OF THIRD QUARTER FINANCIAL RESULTS FOR THE YEAR ENDING 31 MARCH 2017

Singapore Airlines Limited (“SIA”) will be announcing its third quarter financial results for the year ending 31 March 2017 on Tuesday, 7 February 2017, after trading hours.

The third quarter financial results will also be made available on SIA’s website under the “Information for Investors” section.

Brenton Wu
Company Secretary
17 January 2017 Singapore

:eek:
 
Last edited:
H

homedriver

Master Member
Joined
Feb 9, 2004
Messages
3,397
Reaction score
186
A4size said:
SINGAPORE AIRLINES LIMITED

DATE OF RELEASE OF THIRD QUARTER FINANCIAL RESULTS FOR THE YEAR ENDING 31 MARCH 2017

Singapore Airlines Limited (“SIA”) will be announcing its third quarter financial results for the year ending 31 March 2017 on Tuesday, 7 February 2017, after trading hours.

The third quarter financial results will also be made available on SIA’s website under the “Information for Investors” section.

Brenton Wu
Company Secretary
17 January 2017 Singapore

:eek:
Click to expand...
Any news to share ?
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
Top