Singapore Airlines *Official* (SGX:C6L)

lzydata

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there's no cash , but there's an accretion value
That is the nice way of putting it. SIA is borrowing bondholders' money up to 2030 if it needs to, at which point it mandatorily converts the MCB to shares at a price of $4.84.

Of course we do not know what will be the price of SIA stock in 2030. If it is a lot more than $4.84 even after all the new shares are issued, MCB holders can sell happily and make a profit. If it is not, eat the loss after waiting 9 or 10 years.
 

Cobra!

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That is the nice way of putting it. SIA is borrowing bondholders' money up to 2030 if it needs to, at which point it mandatorily converts the MCB to shares at a price of $4.84.

Of course we do not know what will be the price of SIA stock in 2030. If it is a lot more than $4.84 even after all the new shares are issued, MCB holders can sell happily and make a profit. If it is not, eat the loss after waiting 9 or 10 years.
Naturally. That should be obvious to anyone
 

PDA_lover

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The share price is going down but traffic is increasing? what does the market know that is pushing the price down?
 
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Remember oil price used to affect SIA share price? Looks like it is coming back to haunt SIA.
If oil price can influence the share price pre-covid, its impact should be greater now especially when SIA is flying at sub-optimal capacity?
 
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bwaysaikryptonite

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Free riding jin song ! flying but no nid to pay back bail out ? gonna ride awhile more and let go once it’s near $6 hahah better take profit and let others baghold b4 they cant free ride anymore
 

boringLife-

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Possible insider trading on monday? Share price went up 3.6% on market open then end of day SIN-KL VTL announced
 

Shion

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Singapore Airlines' Q2 loss narrows on cost cuts, air travel pick-up​


https://www.channelnewsasia.com/bus...ws-vaccinated-travel-lanes-passengers-2306956
SINGAPORE: Singapore Airlines (SIA) said on Thursday (Nov 11) market conditions were improving after it reported a narrower second-quarter loss due to cost-cutting efforts, record cargo revenue and an improvement in passenger numbers from a low base.

The net loss of S$427.6 million for the three months to Sep 30 was down from a record S$2.34 billion loss a year earlier, when COVID-19 restrictions hammered air travel and the airline took large impairment charges on older planes.

It posted a net profit of S$94.5 million in the September quarter of 2019.

Revenue doubled in the second quarter to S$1.53 billion due to strong cargo demand and a four-fold rise in passenger numbers from a very low base.

The airline said monthly operating cashflows were near breakeven levels and it expected passenger capacity to reach 43 per cent of pre-pandemic levels by December, serving half of its previous destinations.

In September, passenger capacity reached around 32 per cent of pre-pandemic levels, though on average it filled only 20 per cent of the seats on its planes.

International air travel continued to recover in the first half of the 2021/2022 financial year, said SIA.

This comes as global COVID-19 vaccination rates increased and travel corridors - such as Singapore's vaccinated travel lane (VTL) arrangements - came into effect.

Singapore has recently opened vaccinated travel lanes without quarantine with more than a dozen countries including Britain, the United States, Germany, Australia and South Korea.

Neighbouring Malaysia will be added to the list from Nov 29, allowing for more flights between Singapore and Kuala Lumpur, one of the world's busiest international routes before the pandemic.

The airline will restart Singapore-London flights on its flagship Airbus SE A380 super-jumbos on Nov 18 and will fly them to Sydney from Dec 1.

The carrier said the launch of the first VTL arrangements with Brunei and Germany in early September "resulted in an uptick in demand", especially to the latter.

"Since the start of the pandemic, (SIA Group) has proactively taken steps to review all aspects of our operations to ensure that we are able to quickly ramp up as air travel recovers," SIA said.

"As a result, the Group was the first to announce and open sales for VTL flights, capturing early pent-up travel demand."

SIA, like Hong Kong-based rival Cathay Pacific Airways, has no domestic market and has been hard-hit by border closures.

Singapore has capped daily arrivals for the vaccinated travel lanes, meaning the allowable traffic is in the single-digit percentages of pre-pandemic passenger numbers.

But it is an encouraging sign for travel in the Asia-Pacific region, which had had some of the world's toughest border controls during the pandemic.

SIA's management team will hold a results briefing for analysts and media on Friday.
 

Shion

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vsvs24

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Hmmm. No return on investment timeline. They can do so in the past when they are profitable. Now burning cash this mindset still not changed. Think top management pay not cut much, they don't feel the pinch.
 

reddevil0728

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Hmmm. No return on investment timeline. They can do so in the past when they are profitable. Now burning cash this mindset still not changed. Think top management pay not cut much, they don't feel the pinch.
How would you suggest they do to reduce cash burn?
 
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