Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services in East Asia, Europe, South West Pacific, the Americas, West Asia, and Africa. The company also offers engineering services, training of pilots, air charters, and tour wholesaling and related services. In addition, it engages in providing aircraft maintenance services, including technical and non-technical handling at the airport; maintenance, repair, and overhaul of aircraft and cabin components/systems; and aviation insurance services. Further, the company is involved in the repair and overhaul of hydro-mechanical equipment for Boeing and Airbus aircraft; providing and marketing...
25 Airline Road
Founded in 1947
Singapore Airlines Reports Traffic Results for the Month of January 2017
Feb 15 17
Singapore Airlines reported traffic results for the month of January 2017. For the month, the company reported Passenger Km (M) of 10,960.9 against 10,356.0 for the same period a year ago. Passenger carried were 2,794,000 against 2,589,000 for the same period a year ago. Passenger load factor was 81.1% against 80.1% for the same period a year ago. Passenger capacity was 13,516.9 million seat-km against 12,935.3 million seat-km for the same period a year ago. Singapore Airlines' PLF improved 1.0 percentage points to 81.2%. Passenger carriage increased 0.9% compared to last year, against a 0.2% reduction in capacity. Supported by promotional activities and the shift in Chinese New Year holiday from February to January, PLF improved for all regions except Europe and South West Pacific. PLF for Europe and South West Pacific declined as capacity growth outpaced demand. The competitive landscape remains challenging and promotional activities will continue in relevant markets.
Singapore Airlines Announces an Order for 20 GE9x-Powered Boeing 777-9 Aircraft and Five Spare Engines
Feb 10 17
Singapore Airlines announced an order for 20 GE9X-powered Boeing 777-9 aircraft and five spare engines. The order for 45 GE9X engines is valued at more than USD 2.0 billion list price. The first GE9X engine completed testing in 2016 with flight-testing on GE's flying testbed anticipated later this year. Engine certification is scheduled for 2018. The GE90 engine provides the foundation for the new GE9X engine that will power the Boeing 777-9 aircraft. The GE9X engine will be in the 100,000 pound thrust class. Key features include a 134-inch diameter composite fan case and 16 fourth-generation composite fan blades; a next-generation 27:1 pressure-ratio 11-stage high-pressure compressor; a third-generation TAPS III combustor for high efficiency and low emissions; and CMC material in the combustor and turbine.
Singapore Airlines Limited Announces Unaudited Consolidated Earnings and Traffic Results for the Third Quarter and Nine Months Ended December 31, 2016; Announces Write-Down Charges for the Third Quarter Ended December 31, 2016
Feb 7 17
Singapore Airlines Limited announced unaudited consolidated earnings and traffic results for the third quarter and nine months ended December 31, 2016. For the quarter, the company announced total revenue of SGD 3,843.8 million compared to SGD 3,941.0 million for the same period a year ago. The decrease in revenue was mainly attributable to lower passenger flown revenue in a weak-yield environment. Operating profit was SGD 292.9 million compared to SGD 288.0 million for the same period a year ago. Profit before taxation was SGD 226.7 million compared to SGD 362.9 million for the same period a year ago. Profit attributable to owners of the parent company was SGD 177.2 million compared to SGD 274.9 million for the same period a year ago. Diluted earnings per share were 14.9 cents compared to 23.5 cents for the same period a year ago. Net cash provided by operating activities was SGD 257.3 million compared to SGD 268.6 million for the same period a year ago. Capital expenditure was SGD 1,073.6 million compared to SGD 619.6 million for the same period a year ago.
For the nine months, the company announced total revenue of SGD 11,148.5 million compared to SGD 11,519.1 million for the same period a year ago. Operating profit was SGD 595.2 million compared to SGD 528.0 million for the same period a year ago. Profit before taxation was SGD 650.7 million compared to SGD 729.2 million for the same period a year ago. Profit attributable to owners of the parent company was SGD 498.7 million compared to SGD 579.7 million for the same period a year ago. Diluted earnings per share were 42.0 cents compared to 49.5 cents for the same period a year ago. Net asset value per ordinary share was SGD 11.72 as on December 31, 2016 against SGD 10.96 as at March 31, 2016. Net cash provided by operating activities was SGD 1,435.5 million compared to SGD 1,665.4 million for the same period a year ago. Capital expenditure was SGD 3,003.6 million compared to SGD 1,958.1 million for the same period a year ago.
For the third quarter, the company reported write-down of SGD 79 million of the Tigerair brand and trademark following the announcement by Budget Aviation Holdings that Tiger Airways and Scoot would operate under the common ‘Scoot’ brand from the second half of 2017.
For the quarter, the company reported passenger carried was 8,094,000 against 7,767,000 a year ago. Revenue passenger-km was 31,162.5 million against 30,262.0 million a year ago. Passenger load factor was 79.0% against 80.1% a year ago. Available seat-km was 39,440.1 million against 37,798.6 million a year ago.
For the nine months, the company reported passenger carried was 23,584,000 against 22,804,000 a year ago. Revenue passenger-km was 91,120.4 million against 89,618.0 million a year ago. Passenger load factor was 78.5% against 80.0% a year ago. Available seat-km was 116,023.8 million against 112,019.6 million a year ago.