Singapore Airlines

[winston]

Not vested

RESEARCH ALERT-Phillip upgrades SIA to "buy" from "hold"

SINGAPORE, Feb 1 (Reuters) - Phillip Securities has upgraded Singapore Airlines , the world's second largest airline by market value, to "buy" from "hold" and raised its target price to S$16.59 from S$16.34.

STATEMENT: Singapore Airlines reported lower third quarter net profit, hit by provisions for fines by the European Commission and South Korean regulator, as well as a settlement with U.S. authorities on cargo price-fixing charges. [ID:nL3E7CS04R]

Phillip said that if the non-recurring cargo fines of S$199.1 million ($155.6 million) were removed, SIA's profit after tax and minority interests actually increased 21 percent year-on-year to S$487.4 million.

The brokerage said that fuel costs were within its expectations as the impact of hedging was minimal for the quarter, adding that it expected a higher passenger yield resulting from the announced fare increases.

SIA said it will increase its fuel surcharge for tickets issued on or after Jan 27 as a result of the recent escalation in jet fuel price.


Source: Reuters

[winston]

Not vested

SINGAPORE AIRLINES - Singapore Airlines said it carried 1.4 million passengers in January, 3.2 percent more compared to a year ago.

Its passenger load factor dipped one percentage point to 78.1 percent last month compared to the same month a year ago due to additional capacity.


Source: Reuters

[kennynah]

Delta tops the world's most admired airlines

SQ lost the top spot to delta...i can't believe this

delta, one of the worst airlines i've ever patronized....

http://sg.news.yahoo.com/delta-tops-wor ... 0-902.html

[winston]

Not vested

Singapore Airlines (SIA), the world's second most valuable carrier by market capitalisation, surged 3 percent to S$13.86 as lower crude oil prices helped to boost outlook for the company, traders said.

"However, the current oil prices is still high and generally, premium airlines like SIA will thrive better than its peers under such environment," said Ng.


Source: Reuters

[winston]

Not vested

Singapore Airlines, the world's second-largest airline by market value, posted an unexpected fall in quarterly net profit on soaring jet fuel prices and warned of weakness in load factor in the near-term partly due to the impact of Japan earthquake.


Source: Reuters

[winston]

Not vested

SIA shares were 3.4 percent lower at S$14.21 at the midday with nearly 11 million shares changing hands. This was over 5 times its average daily turnover since the start of the year.

A string of analyst downgrades on SIA have also weighed on the stock.

"Change is needed as the rapidly changing Asian aviation market means SIA's premium-only strategy appears to be faltering," Bank of America Merrill Lynch said in a research report.

It cut its price target to S$14.20 from S$16.60, but maintained its "buy" recommendation.

Source: Reuters

[winston]

not vested

Singapore Airlines, the world's second-largest carrier by market value, filled 66.4 percent of the space available on its planes for passengers and cargo in August, down from 68 percent in the same period a year earlier.

Source: Reuters

[winston]

not vested

RESEARCH ALERT-OCBC starts SIA at buy; target S$12.59

SINGAPORE, Sept 28 (Reuters) - OCBC Investment Research has initiated coverage of Singapore Airlines Ltd, with a buy rating and a target price of S$12.59.

STATEMENT: OCBC said that SIA's share price had fallen 27 percent from this year's peak in January, along with the rest of the aviation sector.

"While the threat of recession is very real, the market seems overly eager to price a recession into SIA's share price," OCBC said.

It noted that SIA has faced competition from global legacy airlines, low-cost carriers and Middle Eastern carriers for years and it has emerged relatively unscathed.

SIA has also successfully maintained its standing as a premium carrier and probably has the strongest balance sheet among airlines to weather downturns, OCBC said.

It added that SIA is currently planning the launch of a low-cost carrier, a wholly-owned subsidiary, in May 2012 and this new venture could provide the group with the next leg of growth if cannibalization effects can be minimized.

At 0236 GMT, SIA shares were up 0.8 percent at S$11.48.

Source: Reuters

[winston]

not vested

Singapore Airlines (SIA) said on Monday it filled 68.9 percent of the space available on its planes for passengers and cargo in September, down from 69.6 percent in the same period a year earlier.


Source: Reuters

[iam802]

Seems like a brand extension on SIA part.

--
Scoot; SIA new budget long haul carrier.

http://www.bloomberg.com/news/2011-11-0 ... scoot.html

Singapore Airlines Ltd. (SIA), the world’s second-largest carrier by market value, unveiled budget long- haul unit Scoot as competition from low-cost carriers lures passengers from its main business.

Flights will begin in mid-2012, and destinations in the first year will include China and Australia, the company said in a statement today. Scoot will be managed independently from its parent, and all pilots will be hired from outside, Chief Executive Officer Campbell Wilson said at a press conference.
In the first year, Scoot will operate four Boeing Co. 777-200 planes purchased from its parent and offer fares up to 40 percent cheaper than full-service carriers. Singapore Air is adding the “no-frills” unit as AirAsia X Sdn. and Qantas Airways Ltd. (QAN)’s Jetstar boost budget long-haul services to tap rising Asian travel demand.

“This is a move that they have to take to prevent losing market share,” said Andrew Orchard, a Hong Kong-based analyst at Royal Bank of Scotland Group Plc. “There are lots of travelers who are price sensitive in Southeast Asia.”

Singapore Air fell 2 percent to S$11.49 at 1:38 p.m. in the city-state. The stock has declined 27 percent in the past year, compared with an 11 percent drop for the Straits Times Index.

India, Europe

Scoot, which will operate from Changi Airport’s terminal 2, will offer two cabins. The airline will eventually expand operations to India, Europe, Africa and Middle East.

The carrier, which has a capital of S$283 million ($224 million), will spend as much as S$60 million in the run-up to the start of its flights, Wilson said. Scoot aims to have about 50 pilots and 250 cabin crew by the end of next year and to operate 14 aircraft by the middle of this decade, he said.

“Taking over routes of SIA is not the intention of Scoot,” Wilson said, when asked about competition with parent Singapore Air. “We’re targeting a new growing market. We are here to bring incremental business to the SIA group.”

Long-haul budget flights are a break from the traditional low-cost model, pursued by Southwest Airlines Co. and Ryanair Holdings Plc (RYA), which focuses on flying single-class, narrowbody planes on routes of less than about five hours.

Global passenger air traffic may rise 4.6 percent next year, led by growth in the Asia-Pacific region, the International Air Transport Association said in September. Airlines in the region may earn $2.3 billion in 2012, compared with a global profit forecast of $4.9 billion, the group said.

Singapore Air also owns regional carrier SilkAir and has agreed to increase its stake in short-haul budget carrier Tiger Airways Holdings Ltd. (TGR) to about 49 percent.

Scoot will seek to leverage its parent’s expertise in fuel and currency hedging, Wilson said.