Singapore_Air From United Kingdom, joined Nov 2000, 13722 posts, RR: 20 Posted (11 years 1 month 1 week 6 days 11 hours ago) and read 2157 times:
Singapore Airlines has posted a H1 profit of S$773Mln.
Concerns over global peace and the Bali terror bomb will shadow FY0203 H2.
Analysts say that a reboundin passenger traffic since January (April for the relevant Financial Year), and a tax rebate, and an abscence of an Air New Zealand investment write off, will help the H1 profits.
A graph below shows graphically estimated profits after EBITDAR (in other words, before the tax rebate).
Singapore_Air From United Kingdom, joined Nov 2000, 13722 posts, RR: 20 Reply 4, posted (11 years 1 month 1 week 6 days 10 hours ago) and read 2109 times:
Long live Anzett.
Revenue was S$5228.9 Million / US$2935.11 Million (Up 10.5%)
Expenditure was S$4719.1 Million / US$2648.95 Million (Up 10.3%)
Operating profit for The Group is S$509.8 Million / US$286.163 Million (+12.8%)
Virgin Atlantic Airways and Eagle Air Services Asia made a profit of S$86.1 Million / US$48.33006 Million.
Profit before taxation is S$656.4 Million / US$368.454 Million. (Up 127.9%)
Profit after taxation (including rebate) is S$803.9 Million / US$451.249 Million (Up 384.6%)
Profit attributable to shareholders is S$773.5 Million / US$434.185 Million (Up 473.8%)
Unfortunately, SIA are not at liberty to say what profit Virgin Atlantic has made so far. However, the number so far is that Virgin made a profit of about S$34 Million / US$19.1 Million.
"Unfortunately, in an environment teeming with threats of war, whether we can continue to perform at the same level for the rest of the financial year rests largely on developments beyond our control," SIA said in a statement.
"The outlook beyond Christmas is less positive as the economic prospects for major markets appear weak and a number of carriers have added considerable freighter capacity."
Dr. Cheong is still retiring in 2003 "at some time".
QANTASpower From Australia, joined Aug 2002, 516 posts, RR: 7 Reply 5, posted (11 years 1 month 1 week 6 days 9 hours ago) and read 2083 times:
Yes they said the profit for Virgin was a paltry $34M with the 6 month period coming usually a lot weaker. Hence maybe we can expect breakeven for Virgin at best. Not good for a $1.2Billion dollar investment. It is about time Dr Cheong and the board were brought to account for this disastrous investment.
Ex_SQer From United States of America, joined Apr 2002, 1435 posts, RR: 5 Reply 6, posted (11 years 1 month 1 week 6 days 2 hours ago) and read 2017 times:
Not too shabby overall, even with the extraordinary items. At least this time round there are no sudden writedowns, changes in depreciation, gains from long-disposed of assets, etc....
While SQ and QF have traditionally had strong profit margins, I hardly think they're engaged in a p***ing contest to show who has the higher/highest profits. As for the VS stake, it may not have turned out as planned for now, but it is still a long term play. It would be premature to nail Baldy (whoops.. Dr Cheong) for that investment at this point in time.
Singapore_Air From United Kingdom, joined Nov 2000, 13722 posts, RR: 20 Reply 7, posted (11 years 1 month 1 week 5 days 15 hours ago) and read 1959 times:
Long live Anzett x 2
Some key operating figures:
7.775 Million passengers were carried, a 1.8% rise
Revenue Passenger Kilometre stood at 37 798.7 million - an increase of 4.8%
Capacity was 49 196 million - a 2.4% increase
Passenger load factor was 76.8% - 1.7% more than the H1 before
Breakeven load factor was 73.3% - 3.7% more than the H1 before
Unit cost (cents per available seat kilometre (Capacity)) - 6.6 cents - 3.1% higher than the H1 before (6.4 cents)
Yield (cents per passenger kilometre) was 9 cents - 1.1% lower (9.1 cents) because of more Economy passengers.
518.4 Million kilograms of cargo was carried, a 14.4% rise
Revenue Tonne Kilometre stood at 3 439.5 million - an increase of 22.6%
Capacity was 4 950.5 million - a 12.9% increase
Cargo load factor was 69.5% - 5.5% more than the H1 before.
Overall load factor was 72.5% - up 3.6%
Breakeven load factor was 69.6% - up 2.3%