|Bid||3.4900 x 0|
|Ask||3.5000 x 0|
|Day's Range||3.4500 - 3.5400|
|52 Week Range||3.3500 - 9.4900|
|Beta (5Y Monthly)||0.53|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 06, 2020|
|Forward Dividend & Yield||0.21 (6.13%)|
|Ex-Dividend Date||Nov 14, 2019|
|1y Target Est||10.78|
Singapore Airlines Ltd warned passenger capacity may remain at less than half of pre-pandemic levels by its March 2021 year-end after slumping to a S$1.12 billion ($817 million) first-quarter net loss due to a sharp decline in demand. Singapore Airlines said it was in talks with aircraft manufacturers to delay deliveries and progress payments to reduce cash outflows at a time when the majority of its fleet of 220 planes remains parked. The airline said it was reviewing the size and shape of its fleet over the longer term, which was likely to lead to a material impairment in the value of older aircraft, particularly the Airbus A380, which would account for S$1 billion.
Singapore Airlines Ltd said on Thursday it had secured S$750 million ($541.87 million) of funding against some of its Airbus and Boeing aircraft to shore up liquidity amid plummeting demand due to the novel coronavirus. Coronavirus travel curbs have led to the grounding of fleets worldwide and airlines are facing a massive liquidity crisis and tapping multiple avenues to raise cash. Singapore Airlines has raised about S$11 billion this year via a combination of rights issue, secured financing, credit lines and short-term loans, it said in a statement.
The airline, considered a bellwether for premium travel in Asia, also said it would report a material operating loss in the first-quarter of fiscal 2021 on fuel hedge losses stemming from sinking oil prices. The carrier's announcement follows its first ever annual loss and an update in May when it warned of fuel hedging losses and negative operating cashflow for the quarter ending June 30 as most of its fleet remained grounded. The airline said in February it had entered fuel hedging contracts through March 31, 2025.