singapore airlines-unspn adr (SINGY) Key Developments
Lufthansa, SWISS and SIA Forge Extensive Partnership Involving JV on Key Routes
Nov 11 15
Lufthansa Group including its subsidiary Swiss International Air Lines and Singapore Airlines have signed a wide-ranging partnership agreement that will see the two airline groups operating key routes between Singapore and Europe on a joint-venture basis, in addition to significantly expanding codeshare ties and deepening commercial co-operation. Flights between Singapore and Zurich as well as flights between Singapore and both Frankfurt and Munich, are to be operated under revenue-sharing arrangements. New SIA-operated flights between Singapore and Dusseldorf, which are to be launched in July 2016, will also be covered under such arrangements. The two airline groups also intend to co-operate in key markets in Europe, Southeast Asia and Australia, co-ordinating schedules to provide customers more convenient connections between route networks, offering joint fare promotions, aligning corporate programmes to strengthen the proposition to corporate customers, and exploring enhancements to existing frequent-flyer programme ties. In addition to SIA and Lufthansa, the agreement includes SIA subsidiary SilkAir, and Lufthansa subsidiary Austrian Airlines. The expanded codeshare ties2 will provide SIA customers with convenient access to and from points in Austria, Belgium, Germany and Switzerland, via the transfer hubs of Zurich, Frankfurt and Munich, with more than 20 new codeshare routes. Lufthansa and Swiss will in turn codeshare with SIA and regional arm SilkAir on more routes serving destinations in Southeast Asia and the Southwest Pacific. Codeshare co-operation is expected to be expanded to more destinations in future. Some of the benefits of the agreement will be introduced in the coming months, such as the new codeshare services. Other elements of the agreement that require additional levels of regulatory approval may be implemented progressively through 2016.
Singapore Airlines Limited Declares Interim Dividend for the Half-Year Ended 30 September 2015, Payable on 27 November 2015
Nov 5 15
Singapore Airlines Limited declared an interim dividend of 10 cents per share (tax exempt, one-tier) for the half-year ended 30 September 2015 against 5 cents per share a year ago for the same period. The interim dividend will be paid on 27 November 2015 to shareholders as of 18 November 2015.
Singapore Airlines Limited Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and First Half Ended September 30, 2015
Nov 5 15
Singapore Airlines Limited reported unaudited consolidated earnings results for the second quarter and first half ended September 30, 2015. For the quarter, group revenue was $3,844.8 million compared with $3,905.1 million a year ago. Operating profit was $128.6 million compared with $131.7 million a year ago. Profit before exceptional items was $239.8 million compared with $96.4 million a year ago. Profit before taxation was $239.8 million compared with $86.0 million a year ago. Profit attributable to owners of the parent was $213.6 million compared with $90.90 million a year ago. Basic and diluted earnings per share were 18.2 cents compared with 7.7 cents a year ago. Net cash provided by operating activities was $614.6 million compared with $490.5 million a year ago. Capital expenditure was $746.0 million compared with $560.6 million a year ago. Purchase of intangible assets was $14.6 million compared with $8.1 million a year ago. Proceeds from disposal of aircraft and other property, plant and equipment was $99.9 million compared with $863.8 million a year ago.
For the first half, The group earned a revenue was $7,578.1 million compared with $7,587.3 million a year ago. Operating profit was $240.0 million compared with $171.2 million a year ago. Profit before exceptional items was $366.3 million compared with $156.6 million a year ago. Profit before taxation was $366.3 million compared with $146.5 million a year ago. Profit attributable to owners of the parent was $304.8 million compared with $125.7 million a year ago. Basic and diluted earnings per share were 26.0 cents compared with 10.6 cents a year ago. Net cash provided by operating activities was $1,396.8 million compared with $1,137.3 million a year ago. Capital expenditure was $1,338.5 million compared with $1,111.7 million a year ago. Purchase of intangible assets was $22.1 million compared with $14.6 million a year ago. Proceeds from disposal of aircraft and other property, plant and equipment was $167.6 million compared with $910.3 million a year ago.
For the quarter, the company reported passenger carried was 7,774,000 against 7,460,000 a year ago. Revenue passenger-km was 31,214.5 million against 30,537.8 million a year ago. Available seat-km was 37,558.9 million against 37,588.9 million a year ago. Passenger load factor was 83.1% against 81.2% a year ago.
For the first half, the company reported passenger carried was 15,037,000 against 14,829,000 a year ago. Revenue passenger-km was 59,355.9 million against 59,601.7 million a year ago. Available seat-km was 74,221.0 million against 74,932.4 million a year ago. Passenger load factor was 80.0% against 79.5% a year ago.
Singapore Airlines Reports Group and Company Operating Results for the Month of September 2015
Oct 15 15
Singapore Airlines reported group and company operating results for the month of September 2015. For the month, on company basis, total capacity was 9,774.0 M seat-km against 9,883.5 M seat-km a year ago. Passenger-km was 7,894.3 miles against 7,977.9 miles a year ago. Passengers carried were 1,568,000 against 1,567,000 a year ago. Passenger load factor was 80.8% against 80.7% a year ago.
For the month, on group basis, total capacity was 12,147.9 M seat-km against 12,132.3 M seat-km a year ago. Passenger-km was 9,740.6 miles against 9,704.1 miles a year ago. Passengers carried were 2,421,000 against 2,380,000 a year ago. Passenger load factor was 80.2% against 80.0% a year ago.
Singapore Airlines Limited to Fly Longest Non-Stop Flight
Oct 14 15
Singapore Airlines has finalized an aircraft deal with Airbus that will enable it to operate the direct flight between Singapore and New York/Los Angeles, covering 8,700 nautical miles over 19 hours. The airline announced that it had signed an agreement to be the launch customer for A350-900ULR, a new ultra-long-range variant of the Airbus A350 aircraft, enabling the resumption of non-stop flights between Singapore and the US. Under the agreement, seven of the 67 A350-900s on firm order would be upgraded to the ultralong range version.