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Singapore Airlines Q1 Net Profit Up To S$575M  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13756 posts, RR: 18
Posted (9 years 9 months 4 weeks 1 day 15 hours ago) and read 5212 times:


Singapore Airlines Group:

  • Revenue increased 12.4% to a Group record of S$3.421B / US$2.168B

  • Expenditure increased 12.8% to S$3.147B / US$1.994B

  • Fuel accounted for 38.9% of expenditure, rising 37.1% to S$1.233B / US$781M. The price of jet fuel for SIA rose to an average of US$87/bbl.

  • Non-fuel items increased 1.3%, slower than capacity growth, reflecting "the ongoing efforts toward improved cost management, efficiency and productivity."

  • Group Net Profit increased 145.1% to S$575M / US$364M

  • The Airline carried 4.4 million passengers, up 9.4%

  • RPKs grew 9.4% while ASKs rose 3.3% leading to a 4.3% increase in passenger load factor to 75.6%

  • The theoretical breakeven load factor rose 2.8% to 70.8% due to unit costs growing at a higher rate than yield. Excluding fuel, passenger unit costs actually fell 7.0%

  • SIA Cargo's RTKs grew 5.7% while CTKs rose 4.6% leading to a 0.6% increase in cargo load factor to 61.9%

  • The theoretical breakeven cargo load factor rose 4.7% to 64.2% as unit costs grew 12.3% compared to a 4.1% improvement in yield

  • SIA operates a Passenger Airline fleet of 27 B744s, 58 B777s and 5 A345s. (One assumes "operating fleet" means they are flying)

  • "The outlook for air travel remains broadly positive for the rest of the
    financial year, supported by favourable economic conditions, particularly in the Asia Pacific region and Europe."

  • "Fuel costs, however, continue to weigh on the Group’s financial performance, with the price of jet fuel expected to remain high and volatile in the near term amidst geopolitical concerns and strong demand for oil worldwide."

  • "The Group will work at maintaining its profitability despite the
    challenges faced by the industry."

  • Source: Singapore Airlines Limited

    [Edited 2006-08-01 11:46:32]

    Anyone can fly, only the best Soar.
    4 replies: All unread, jump to last
    User currently offlineQANTASpower From Australia, joined Aug 2002, 516 posts, RR: 6
    Reply 1, posted (9 years 9 months 4 weeks 1 day 14 hours ago) and read 5143 times:

    Perhaps a more meaningful and accurate representation of 1st qtr profit would be to disclose the operating profit at S$274M (up 8.2%). The S$575M you detail above includes a one off gain of S$223M from the sale of a building.

    But then this may not have sounded as good I guess.

    User currently offlineZKNBX From New Zealand, joined Jul 2006, 464 posts, RR: 0
    Reply 2, posted (9 years 9 months 4 weeks 1 day 13 hours ago) and read 5114 times:

    Good news. Now they can move ahead and expand service to AKL in the wake of Air NZ's withdrawl from the route. Here's hoping. Capacity will be tight this Christmas.

    User currently offlinePlane Holland From Netherlands, joined Oct 2000, 494 posts, RR: 0
    Reply 3, posted (9 years 9 months 4 weeks 1 day 5 hours ago) and read 4927 times:

    575M , must be because I justed booked a flight with them

    [Edited 2006-08-01 21:18:44]

    User currently offlineJaysit From , joined Dec 1969, posts, RR:
    Reply 4, posted (9 years 9 months 4 weeks 20 hours ago) and read 4840 times:

    Now they can upgrade their TP and tampons to super luxurious brands with all that extra revenue.

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