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Singapore Airlines Announces Profit Of US$792 M  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Posted (8 years 4 months 2 weeks 1 day 22 hours ago) and read 4816 times:

Singapore Airlines Group has just announced a profit of S$1.241B / US$792 267 000

Updates soon


Anyone can fly, only the best Soar.
16 replies: All unread, jump to last
 
User currently offlineWINGS From Portugal, joined May 2005, 2831 posts, RR: 68
Reply 1, posted (8 years 4 months 2 weeks 1 day 22 hours ago) and read 4772 times:

Quoting Singapore_Air (Thread starter):
Singapore Airlines Group has just announced a profit of S$1.241B / US$792 267 000

Congratulations to SQ. At a time in which SQ is facing stiff competition and escalating fuel prices, they are still able to deliver an excellent result.

Regards,
Wings



Aviation Is A Passion.
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Reply 2, posted (8 years 4 months 2 weeks 1 day 22 hours ago) and read 4708 times:

Airbus is expected to deliver 7 Airbus A380-800s between November 2006 and 31 March 2007.

Boeing is expected to deliver 9 Boeing 777-300ERs between November 2006 and 31 March 2007.

Singapore Airlines Limited will decommission 5 Boeing 747-400s.



Anyone can fly, only the best Soar.
User currently offlineZvezda From Lithuania, joined Aug 2004, 10511 posts, RR: 64
Reply 3, posted (8 years 4 months 2 weeks 1 day 21 hours ago) and read 4663 times:

Quoting Singapore_Air (Reply 2):
Singapore Airlines Limited will decommission 5 Boeing 747-400s.

Also by 31 March 2007? Do you know which 5 B747-400s? 9V-SMx? There are 9 that don't have Connexion fitted.


User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9169 posts, RR: 15
Reply 4, posted (8 years 4 months 2 weeks 1 day 21 hours ago) and read 4629 times:

How many B 747-400s in service right now?

User currently offlineTimboflier215 From United Kingdom, joined May 2005, 1336 posts, RR: 1
Reply 5, posted (8 years 4 months 2 weeks 1 day 20 hours ago) and read 4478 times:

All very interesting, thank you Singapore_Air! When SQ have finished recieving all their 777s and 380s, and decomissioning their 744s, are they looking at a net fleet increase or decrease, both in terms of numbers of a/c and numbers of seats?

User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Reply 6, posted (8 years 4 months 2 weeks 1 day 20 hours ago) and read 4459 times:

As of now, the SIA operating fleet is 90 (I'll give the breakdown later if I can).

With the addition of 7 A380s and 9 B77Ws (16) and the decomissioning of 5 B744s, SIA's fleet will grow past the 100 mark to 101 aircraft.

This excludes SIA Cargo and SilkAir.



Anyone can fly, only the best Soar.
User currently offlineTimboflier215 From United Kingdom, joined May 2005, 1336 posts, RR: 1
Reply 7, posted (8 years 4 months 2 weeks 1 day 20 hours ago) and read 4449 times:

Nice, thanks for the prompt reply. Any idea how this will pan out over the long-term, will they get rid off all their 744s once the 380s and 773s come on stream? And will their fleet remain around the 100 a/c mark, or are they planning further expansion?

User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Reply 8, posted (8 years 4 months 2 weeks 1 day 20 hours ago) and read 4412 times:

The Board of Directors met this month to consider 3 fleet types:

1) ULR (Nothing vs. B772LR)
2) LR (Probably A388 / A389 / A388R vs. B748i)
3) Next Generation (A350-900/A350-1000 vs. B789/B787-10X)

Evidently we have nothing to hand.

I think the plan is to get rid of all the B744s. They are ageing and appear to break down a lot.

SIA has stated to staff that it will have a long haul fleet strategy comprising of A380s and B77Ws. Obviously this has changed now that the A350/B787 has come into the fray, as well as the B748i which seems impressive on paper.



Anyone can fly, only the best Soar.
User currently offlineWINGS From Portugal, joined May 2005, 2831 posts, RR: 68
Reply 9, posted (8 years 4 months 2 weeks 1 day 20 hours ago) and read 4354 times:

Quoting Singapore_Air (Reply 9):
The Board of Directors met this month to consider 3 fleet types:

1) ULR (Nothing vs. B772LR)
2) LR (Probably A388 / A389 / A388R vs. B748i)
3) Next Generation (A350-900/A350-1000 vs. B789/B787-10X)

1)Nothing Vs B777LR? We all can agree that the A340-500HGW has a higher fuel burn but it is in no way obsolete. The A340-500HGW is still a good candidate for SQ fleet if offered at a good price.

2) The A388/9/R do not compete directly with the B748i. SQ have spoken that they rather misuse the A380 rather than having another type in their fleet. I would expect an B748F order for their cargo arm.

3) Still early to say. I'm eagerly awaiting more info into the proposed A350/A370. If the numbers are correct don't be too surprised to see an order to replace most of their B777. I suspect that the even the current B787-10 is still too small for their needs.


Regards,
Wings



Aviation Is A Passion.
User currently offlineZvezda From Lithuania, joined Aug 2004, 10511 posts, RR: 64
Reply 10, posted (8 years 4 months 2 weeks 1 day 16 hours ago) and read 4161 times:

Quoting Singapore_Air (Reply 9):
I think the plan is to get rid of all the B744s.

As of a few months ago, the plan was to retire the last B747-400 in 2011.

Quoting WINGS (Reply 10):
The A340-500HGW is still a good candidate for SQ fleet if offered at a good price.

The deal that SQ asked Airbus for was to buy back their five A340-500s and then lease ten A340-500s to them for 5 years. There was quite a bit of negotiation, but I'm not sure how close they got on the terms.

Quoting WINGS (Reply 10):
SQ have spoken that they rather misuse the A380 rather than having another type in their fleet.

That was well before Boeing launched the SuperJumbo.


User currently offlineTimboflier215 From United Kingdom, joined May 2005, 1336 posts, RR: 1
Reply 11, posted (8 years 4 months 2 weeks 1 day 16 hours ago) and read 4121 times:

Quoting Zvezda (Reply 11):
That was well before Boeing launched the SuperJumbo

Indeed, SQ were happy to 'mis-use' their 777s. Until the 787/A350 came along.


User currently offlineWINGS From Portugal, joined May 2005, 2831 posts, RR: 68
Reply 12, posted (8 years 4 months 2 weeks 1 day 16 hours ago) and read 4094 times:

Quoting Zvezda (Reply 11):

The deal that SQ asked Airbus for was to buy back their five A340-500s and then lease ten A340-500s to them for 5 years. There was quite a bit of negotiation, but I'm not sure how close they got on the terms.

People on A.net automatically assumed that the B777-200LR was a sure bet with SQ. I find it rather hard to believe that Airbus would not be willing to negotiate to the very end for them to continue with the A345 fleet.

Quoting Zvezda (Reply 11):
That was well before Boeing launched the SuperJumbo.

That's correct although they have been misusing their B777-200 on regional routes rather than acquire the A332/3.

If Airbus do indeed go forward with the A350-1000 than I'm sure that the B748i will be even less attractive for them.

Regards,
Wings



Aviation Is A Passion.
User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9169 posts, RR: 15
Reply 13, posted (8 years 4 months 2 weeks 1 day 14 hours ago) and read 3981 times:

Quoting WINGS (Reply 13):
If Airbus do indeed go forward with the A350-1000 than I'm sure that the B748i will be even less attractive for them.

They are different. The B 748i is bigger.


User currently offlineZvezda From Lithuania, joined Aug 2004, 10511 posts, RR: 64
Reply 14, posted (8 years 4 months 2 weeks 1 day 11 hours ago) and read 3867 times:

Quoting WINGS (Reply 13):
If Airbus do indeed go forward with the A350-1000 than I'm sure that the B748i will be even less attractive for them.

I don't think the A350 will be relevant to SQ plans to replace their JumboJets because the latter are all due to be retired by the end of 2011. Realistically, SQ's options for replacing the JumboJet are more B777-300ER, the B747-8I SuperJumbo, and more of the VLA the endearing nickname of which is unmentionable on A.net.

It was reported today that SQ will by 31 March 2007 retire 5 JumboJets and take delivery of 9 B777-300ERs and 7 unmentionable VLAs. 10 B777-300ERs and 3 unmentionables remain to be delivered for some combination of growth and replacing the last 22 JumboJets. That means that SQ will need to take delivery of a minimum of 9 more JumboJet replacements by the end of 2011. Since some B777-300ERs will be used for growth and some will be used to replace B777-200ERs, there could be as many as 19 JumboJets with replacements yet to be ordered. A realistic range would be 12 to 18. Considering the likelihood that SQ will order the B747-8F, a B747-8I order would not be a huge surprise though, if it were to be placed this year, I would expect the order to be 10 firm plus 5 to 10 options.


User currently offlineJacobin777 From United States of America, joined Sep 2004, 14968 posts, RR: 59
Reply 15, posted (8 years 4 months 2 weeks 1 day 11 hours ago) and read 3844 times:

Quoting Zvezda (Reply 15):
unmentionables



Quoting Zvezda (Reply 15):
unmentionable



Quoting Zvezda (Reply 15):
unmentionable

I hope you use the "copy/paste" feature or have some macro setup, or you will be doing a lot of extra typing.... Smile



"Up the Irons!"
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Reply 16, posted (8 years 4 months 2 weeks 1 day ago) and read 3686 times:

This is not an article or press release or copyrighted


Singapore Airlines Group has just announced a profit of S$1.241B / US$792 267
000

  • Revenue rose to a record S$13.341B / US$8.5B

  • Group fuel expenditure rose to a record S$4.24B / US$2.7B, up 57.5%

  • Group expenditure excluding fuel declined 1.4% to S$7.888B / US$5.01B


  • Singapore Airlines Limited:
  • Capacity grew 4.6%

  • The Airline carried a record 16 995 000 passengers (up 6.6%)

  • Passenger load factor went up 1.5% to 75.6%

  • Passenger yield went up 5.0% inclusive of fuel surcharges to S¢10.6 / US¢
    6.767 per km

  • Passenger unit cost went up 7.1% to S¢7.5 / US¢4.788 per km

  • Hence, the breakeven load factor rose 1.5% to 70.8%

  • Fuel accounted for 34.9% of expenditure (up 9.8% from last year)

  • The average jet fuel price in the year rose to US$76.25 per barrel (up
    39.7%)

  • Fuel surcharges only recovered up to 50% of the fuel increase


  • Subsidiaries:

  • Singapore Airport Terminal Services (sats) - one with you - recorded a
    12.4% increase in profit to S$188.6M / US$120.4M

  • SIA Engineering Company (SIAEC) - no slogan - increased its profit by 35.3%
    to S$230.6M

  • SIA Cargo - We've Got What It Takes - made a profit of S$135.3M / US$86.4
    M

  • SilkAir - The Regional Wing of Singapore Airlines - contributed S$20.6M /
    US$13.2M


  • Fleet Development:

    In this year, specifically between November 2006 and 31 March 2006, SIA will
    receive 7 A380-800s and 9 Boeing 777-300ERs. 5 Boeing 747-400s will be
    decomissioned from service.

    Network:

    Singapore Airlines Limited has already increased frequencies to ADL (now daily), TPE (now thrice daily) and PEN (now thrice daily). In the Northern Winter schedule (from
    October 2006), the Airline will add another service to Shanghai Pudong making
    it 5x Daily. The Airline has already announced the commencement of services to MXP and BCN.
    Capacity will grow in total by 4%.

    Divestment:

    Minister Mentor Lee Kuan Yew suggested (strongly) that Singapore Airlines Group should divest its subsidiaries, Singapore Airport Terminal Services (sats) and SIA Engineering CompanY (SIAEC). Mr. Chew commented that the board has taken this into consideration at their last board meeting this month and reviewed the options thoroughly. However there was no concensus and the board would make an annoucement when appropriate.

    When pressed, the issues to deal with are the fact that SIAEC and sats are both very profitable and efficient and it just remains to be seen how much more profitable and efficient they can become. There is also the H.R. factor.

    Fleet Growth:

    The Board of Directors has issued a mandate for the Airline to enter "final
    negotiations" with Airbus and Boeing (listed alphabetically). The outcome
    depends on the "response from the manufacturers".

    Source: Combination of Singapore Airlines Limited Financial Results meeting, SIA Training Centre | Singapore Airlines Limited News Release


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