|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.28 - 14.45|
|52 Week Range||12.87 - 17.54|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||25.53|
|Forward Dividend & Yield||0.23 (1.62%)|
|1y Target Est||N/A|
Brendan Sobie of CAPA Centre for Aviation says SIA's profitability was "better than expected," and he is observing some encouraging trends for the airline.
In 2014, following the loss of planes and lives in the MH370 disappearance and the tragic downing of MH17 over Ukraine, Khazanah announced a restructuring intended to make the airline profitable by 2018. It’s failed for one central reason: Malaysia Airlines remains a state-owned flag carrier, slow-moving and burdened by political expectations.
Airlines and industry in Asia are busy figuring out what the grounding of the 737 Max 8 planes made by The Boeing Co. China was the first nation of 42 globally to order all 737 Max 8 planes to keep their wheels on the ground. Boeing has received 4,661 orders for the planes, according to the brokerage Nomura.
Indian airlines are turning to the international market for better returns at a time when aviation consultancy CAPA India estimates the sector will post a collective loss of $1.7 billion for the financial year ending March 31. The Business Standard newspaper reported earlier on Wednesday that Vistara had sought permission to operate flights between Delhi and Colombo seven days a week.
Singapore Airlines says: SilkAir is temporarily withdrawing Boeing 737 MAX 8 fleet from service, has six planes
The International Air Transport Association (IATA) on Tuesday nearly halved its annual forecast for traffic growth in the air cargo market to 2 percent citing trade frictions, Brexit and anti-globalisation rhetoric. "Developments in the political climate are not going in our favour," IATA Director General Alexandre de Juniac said at an air cargo conference in Singapore. Weaker global economic activity and consumer confidence led to a 1.8 percent fall in global air freight traffic in January, marking the worst monthly performance in three years, IATA said last week.
Thousands of travellers were stranded in Bangkok on Thursday when Thai Airways International cancelled more than a dozen flights to and from Europe after Pakistan closed its airspace amid rising tensions with India. Thai Airways flights resumed by Thursday afternoon after the airline secured permission to reroute flights over Chinese airspace, but it could take up to three days to clear a backlog of 3,000 passengers, an airline official said. Flights to and from London, Munich, Paris, Brussels, Milan, Vienna, Stockholm, Zurich, Copenhagen, Oslo, Frankfurt and Rome had been scheduled to fly over Pakistani airspace on Thursday, Thai Airways said in a statement.
Thai Airways International said on Thursday it had cancelled more than a dozen flights to Europe after Pakistan closed its airspace amid rising tensions with India, with both claiming to have shot down the other's military jets. Thai flights to and from cities in Europe were cancelled because they had been scheduled to fly over Pakistani airspace on Thursday, Thai Airways said in a statement. In addition, all flights to and from Pakistan were cancelled on Thursday, the airline said.
Several airlines, including Emirates and Qatar Airways, suspended flights to Pakistan on Wednesday after the South Asian nation closed its air space following heightened tensions with neighbouring India. Etihad, flydubai, Gulf Air, SriLankan Airlines and Air Canada also suspended services to the country and flight tracking portals showed Singapore Airlines, British Airways and others were forced to reroute flights. Airlines flying over India and Pakistan to Europe, the Middle East and Asia were disrupted and some flights were routed through Mumbai on India's western coast, so they could head further south and avoid Pakistan air space, an Indian government official told Reuters.
Singapore Airlines reported third-quarter earnings that came in above expectations despite a 27 percent drop in net profit compared to the year-ago period.
SINGAPORE (Reuters) - Singapore Airlines Ltd on Thursday reported a 27 percent fall in third-quarter net profit but beat expectations as revenue growth helped offset higher fuel costs. The airline made ...
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll evaluate Singapore Airlines Limited (SGX:C6L)Read More...
Delays in regulatory approvals for international flights have had only a limited impact on Indian airline Vistara's business, the chief executive of the Tata Sons and Singapore Airlines Ltd joint venture said on Tuesday. In June, the airline met the requirement of having more than 20 jets needed for international flights and hoped to launch them last year, however, it is yet to receive the necessary regulatory approvals. Indian airlines are turning to the international market in search of better returns at a time when CAPA India, an aviation consultancy, estimates the sector will post a collective $1.7 billion loss for the financial year ending March 31.
Delays in regulatory approvals for international flights have had only a limited impact on Indian airline Vistara's business, the chief executive of the Tata Sons and Singapore Airlines Ltd joint venture ...
Many major companies, like Air Canada, Hollister and Expedia, are recordingevery tap and swipe you make on their iPhone apps
Lufthansa Group opened the first foreign offshoot of its innovation hub last week in Singapore, focusing on the future of work and how it might transform business travel. As well, it dove into the future of travel mobility. The very next day, Singapore Airlines opened KrisLab, which will look at technology such as blockchain, mixed […] The post Legacy Airlines Look to Asia for Travel Technology Innovations appeared first on Skift.
Singapore Airlines recently launched a 19-hour nonstop flight between New York City to Singapore — and some hardy business travelers can't wait
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Historically, Singapore Airlines Limited (SGX:C6L) has been paying Read More...
Singapore Airlines Ltd (SIAL.SI) said on Thursday its budget carrier Scoot will take over several routes from regional airline SilkAir over the next two years, ahead of a plan to absorb underperforming SilkAir into the parent brand. Scoot will also transfer some of its services to existing destinations served by Singapore Airlines and SilkAir, including to some Indian cities. The changes are expected to take place between April 2019 and the second half of 2020, Singapore Airlines said.
Shares in India's Jet Airways Ltd (JET.NS) jumped 25 percent on Thursday following media reports that the debt-laden airline was nearing a rescue deal with Indian conglomerate Tata Sons Ltd [TATAS.UL]. Tata SIA Airlines, a joint venture between Tata Sons and Singapore Airlines (SIAL.SI), which operates domestic carrier Vistara, is eyeing an all-stock merger with Jet, the Economic Times reported earlier in the day, citing sources.
Tata Sons Ltd Chairman N. Chandrasekaran is expected to present to the board on Friday a business viability plan on a proposed acquisition of cash-strapped Jet Airways, the Times of India reported, citing people close to the development. This is the clearest sign yet that talks are gathering steam to seal a deal that could transform India's largest conglomerate from airline fringe player into the country's dominant, full-service international carrier. Tata's businesses are as varied as IT services and car-making.
Singapore Airlines Ltd is facing no problem selling business-class tickets on its ultra-long non-stop flights to the United States but is having to price premium economy seats very attractively, a senior executive said on Wednesday. The airline ordered seven new ultra-long-range twin-engine Airbus SE A350-900ULRs fitted with just 67 business class and 94 premium economy seats for those flights and for non-stop services to Los Angeles and San Francisco. It represents a major expansion in the U.S. market for Singapore Airlines and a test of whether the carrier can charge the 20 percent price premium that travel industry data shows is typical for ultra-long non-stop services due to their popularity with time-sensitive business travellers.