Singapore Airlines

[kennynah]

Aiya... I thought you posted that the kerbaya is now made of translucent material

[millionairemind]

April 21, 2010, 6.14 pm (Singapore time)

SIA chalks up S$40 mln in revenue loss due to volcano disruption

By NISHA RAMCHANDANI

Singapore Airlines (SIA) fully reinstated its flights to Europe on Wednesday as European airspace was opened up, after chalking up at least S$40 million in revenue losses from flight cancellations and disruptions.

The six day disruption to air traffic, due to an ash cloud from a volcano in Iceland which led to the closure of European airspace, has costed the airline some $40 million in revenue loss from flight cancellations and disruptions, of which $10 million stems from cargo operations. The airline also racked up another $10 million cost from accomodation and meal charges for stranded passengers both here in Singapore and overseas.

'We are able to resume operations as all airspace at destinations to which we operate has opened. We are also looking into the possibility of mounting additional flights, and using aircraft with larger capacity on certain routes, where possible,' SIA said in a statement on the Singapore Exchange.

SIA also warned that the situation remained 'fluid' and that passengers should check its website for updates.

[millionairemind]

May 17, 2010, 5.32 pm (Singapore time)

SIA sees 5.4 pts rise in April passenger load factor

By ANGELA TAN

Singapore Airlines (SIA) said its April passenger load factor (PLF) increased 5.4 percentage points compared to a year ago to 77.6 per cent on the back of a capacity (measured in available seat kilometres) reduction of 4.2 per cent.

In April 2010, SIA's' systemwide passenger carriage (measured in revenue passenger kilometres) recorded an increase of 2.9 per cent over the same month last year, with the number of passengers carried increasing by 0.5 per cent to 1.3 million.

The airline said the year-on-year reduction in capacity arose from the planned reduction in frequencies, termination of services to Vancouver (via Incheon), Nanjing and Pakistan, the transfer of Hyderabad and Penang operations to SilkAir, as well as flight cancellations during the closure of the European airspace due to the volcanic activity in Iceland.

All regions except South West Pacific recorded improvements in PLFs over the same month last year. The closure of European airspace affected some of the traffic to and from South West Pacific, which resulted in a slight decline in the PLF.

Systemwide cargo capacity was reduced by 5.1 per cent, while cargo traffic (measured in freight tonne kilometres) improved by 5.8 per cent. Consequently, cargo overall load factor improved by 6.6 percentage points. Cargo load factor improved for all regions except for South West Pacific. The improvement in CLFs was largely the result of tight capacity management, as well as a general improvement in the business environment.

[kennynah]

May 17, 2010, 5.32 pm (Singapore time)

SIA sees 5.4 pts rise in April passenger load factor

By ANGELA TAN

Singapore Airlines (SIA) said its April passenger load factor (PLF) increased 5.4 percentage points compared to a year ago to 77.6 per cent on the back of a capacity (measured in available seat kilometres) reduction of 4.2 per cent.....

this is all so confusing..

just say make or lose how much money compared to previous stats, mah enuf lor....

[millionairemind]

May 21, 2010, 6.26 pm (Singapore time)

SIA Q4 net profit up nearly seven fold

SINGAPORE - Singapore Airlines (SIA), the world's second most valuable airline, posted a nearly seven-fold rise in fourth quarter profit as cargo and passenger demand rebounded from the 2009 slowdown.

SIA, 55 per cent owned by Singapore state investor Temasek Holdings, booked a net profit of S$278 million (US$197 million) in the quarter, compared to S$42 million a year ago and a Reuters consensus of S$266 million.

The fourth quarter profit recovery helped the company to avert its first ever annual loss, although growth in its more profitable business class faces new threats from Europe's economic troubles.

The quarterly profit brought the annual net profit to S$216 million, about 80 per cent lower than what it was in 2008/09 financial year but below ThomsonReuters I/B/E/S average estimate of S$289 million from analysts.

SIA shares have declined about 5 per cent since the start of the year, underperforming its Asian rival Cathay Pacific which gained nearly 4 per cent but fared better than Australian carrier Qantas which dropped 20 per cent.

The decline in SIA shares outperformed the 7 per cent drop in the broader Singapore's benchmark stock index. -- REUTERS

[kennynah]

SIA, 55 per cent owned by Singapore state investor Temasek Holdings, booked a net profit of S$278 million (US$197 million) in the quarter, compared to S$42 million a year ago and a Reuters consensus of S$266 million.

this has been a thorny issue with me...

HPQ can make almost usd2.5bil per quarter...and the world's #1 carrier makes US$197 million/qtr (and this is one of her best)

why?

[millionairemind]

Every 1's a potential customer for HP...

But not everyone flies with Singapore airlines?

HP's main competitor can be counted with one hand within each business segment.

But SIA's competitors are everywhere... and not everyone wants to pay for premium service. Remember that its the business class that earns money. The economy class is just there for the ride.

I once read that "SIA can afford to just fly the business class segment on a plane and keep the whole economy class empty and still make money".

But hor, I still support SIA whenever I travel.

[kennynah]

i'm just a backseat bencher ... when i make the following remarks...

SQ enjoys such a great reputation for service and safety and i feel she should capitalize this huge advantage...

just like HSBC, SQ should aspire to be the "The World's Local Airline"... think bigger than just having pretty girls with low cut kebayas and settle for a usd190+/qtr profits...

[millionairemind]

July 26, 2010, 5.43 pm (Singapore time)

SIA Q1 net profit beats expectations

SINGAPORE - Singapore Airlines beat expectations with its first quarter net profit as recovery in air travel and cargo volume gathered pace.

SIA, which ranks after Air China in terms of market capitalisation, posted an April-June net profit of S$253 million (US$185 million), ahead of analysts' forecasts of S$232 million. SIA made a loss of S$307 million a year ago.

'Advance bookings indicate that the year-on-year recovery in passenger carriage and yields evident in the quarter to June will hold up for the rest of 2010,' it said.

'Similarly, leading indicators...suggest that recent resurgence in air freight may be sustained in the near-term, although the rate of growth may abate.'

Global airlines are recovering from their worst ever downturn, but some analysts fear the recovery may not be sustainable, especially in the premium segment where SIA shines, due to economic worries in Europe and the United States.

The International Air Transport Association said this month global airlines will turn a US$2.5 billion profit this year, a stunning swing from the substantial loss of US$2.8 billion the group forecast three months ago.

SIA shares have declined by about 1.0 per cent since the start of the year, underperforming the broader Singapore market, which has risen about 2.3 per cent, and rival Cathay Pacific, which has gained about 12.4 per cent.

Singapore state investor Temasek Holdings owns a 54.5 per cent controlling stake in SIA. -- REUTERS

[millionairemind]

Jul 28, 2010
SIA seeks new CEO
By Karamjit Kaur, Aviation Correspondent

SINGAPORE Airlines' chief executive officer Chew Choon Seng, 64, is ready to step down.

He said after a shareholders meeting on Tuesday: 'It is at the mercy of the board but I am getting on in years, I should move on. And as one shareholder has said, my hair has all gone grey....I think the process of renewal in the leadership should take place.'

The board is looking for a replacement and has shorlisted 'several' candidates both within and outside the airline, said chairman Stephen Lee, without elaborating.

Industry observers said potential in-house successors are Mr Bey Soo Khiang, senior executive vice-president (marketing and corporate services), as well as the carrier's three executive vice-presidents; Ng Chin Hwee, Mak Swee Wah and Goh Choon Phong.

Mr Chew joined SIA in 1972 and took over the captain's seat in June 2003. His current contract as CEO expires at the end of the year.