Singapore Airlines

[bertyeo]

SIA movements doesnt correlate to sti movements...
SIA can be traded on pure support and resistant levels

[kennynah]

sti is rigged?

[Aspellian]

sti is rigged?

National interest at stake?

[millionairemind]

NZ watchdog files charges against airlines

Reuters - WELLINGTON, July 16 - New Zealand's competition watchdog has filed criminal charges against Singapore Airlines <SIAL.SI>, Cathay Pacific <0293.HK> and Aerolineas Argentinas for not providing information sought as part of its investigation into alleged price-fixing, it said on Wednesday.

The Commerce Commission said it was investigating allegations that some airlines had colluded and reached agreements on cargo rates, including international fuel surcharges, on flights to and from New Zealand.

It said it had ordered the three airlines to provide information for its investigation by a specific date in November, but they had not complied.

"Any failure to comply with commission statutory notices that form part of a commission investigation is a serious enforcement issue," Commission Chair Paula Rebstock said in a statement.

Charges had been filed with the District Court and the firms could be fined up to NZ$30,000 each if found guilty.

Rebstock said if its broader investigation concluded that there was a case for price-fixing, it would file proceedings with the High Court.

"Cartels are insidious and cause extensive damage to the New Zealand economy," she said.

Air cargo services to and from New Zealand are worth more than NZ$400 million a year.

Regulators in the United States, the European Union and Australia have been pursuing airlines over alleged air cargo price fixing.

Last month Air France-KLM <AIRF.PA> and three other airlines agreed to pay fines totalling $504 million to settle a case brought by U.S. anti-trust officials.

Last year, British Airways Plc <BAY.L> and Korean Air Lines <003490.KS> pleaded guilty and agreed to each pay a $300 million criminal fine for conspiring to fix cargo rates for international air shipments and to fix passenger fuel surcharges or fares for some routes.

On Jan. 14, 2008, Australia's Qantas Airways <QAN.AX> agreed to pay a $61 million criminal fine for cargo price-fixing. And last month, Japan Airlines <9205.T> was sentenced to pay a $110 million criminal fine for similar price-fixing.

[bertyeo]

wat they want is $$$..
just pay them $$ and they will just shut their mouth

[millionairemind]

High oil prices take their toll on earnings.

July 28, 2008, 5.18 pm (Singapore time), The Business Times Latest
SIA's Q109 net profit down 15.44%

SINGAPORE Airlines reported on Monday a 15.4 per cent drop in first-quarter net profit to $359 million as its bottom line was hit by higher fuel costs.

Q1 earnings per share stood at 30.3 cents, down from 33.9 cents previously.

Revenue rose 14.1 per cent to $4.13 billion from $3.62 billion in the corresponding quarter last year. -- NISHA RAMCHANDANI, BT NEWSROOM

[winston]

Not vested.

RESEARCH ALERT-Goldman cuts Singapore Airlines target

SINGAPORE, July 29 (Reuters) - Goldman Sachs reiterated its "sell" recommendation on Singapore Airlines and cut its price target to S$13.50 from $14.00, citing weaker-than-expected passenger traffic growth.

On Monday, SIA reported a 15 percent fall in net profit to S$358.6 million ($263.3 million) for the fiscal first quarter ended June 30.

"Given our negative view on premium traffic, we believe there could be downside risk to our FY09 traffic growth estimate, which we revise down to 5 percent year-on-year," Goldman analysts Hino Lam, Tom Kim and Chun-pong Wu wrote in a report.

[winston]

Not vested. Oil has been coming down but the slowdown may affect both business and leisure travel..

UBS Equities said that it considers Singapore Airlines to be the strongest airline in the world due to its young fleet, impressive margins and returns as well as a strong balance sheet.

In a global airlines analysis report published on Monday, it said that it believed Singapore Airlines will continue to pay an attractive dividend yield despite the challenges facing the industry

[winston]

Not vested.

Singapore Airlines , the world's biggest airline by market value, said overall passenger load for August stood at 79.4 percent, compared with 81.6 percent a year ago, the eighth straight month of decline as the global economic slowdown dampened travel demand.

The airline also said its subsidiary Singapore Airlines Cargo haD signed a 10-year, S$500 million fleet ($350.6 million) management deal with aircraft engine manufacturer Pratt & Whitney Global Service Partners.

[ishak]

SIA receives sixth Airbus A380
Reuters, 18 Sep 2008

Singapore Airlines (SIA), the world's biggest carrier by stock market value, said on Thursday it has received its sixth A380 superjumbo from planemaker Airbus .

SIA said it will put the latest A380, the world's largest passenger jet, on a second daily flight between Singapore and London.

Airbus had said on Monday it is sticking to its target of delivering 12 of its A380 superjumbo aircraft by the end of the year, after a French newspaper reported the programme was facing further delays.