Singapore Airlines (SIA)

UOB and KrisFlyer launch credit card for pairing with savings account to earn air miles from spending
SINGAPORE (Apr 23): United Overseas Bank (UOB) and KrisFlyer have launched the KrisFlyer UOB Credit Card. This is a credit card which can be combined with a savings account to earn bonus KrisFlyer miles when customers spend and save. With the KrisFlyer UOB Credit Card, cardmembers will earn three KrisFlyer miles on their everyday spending, such as on dining and online food delivery, online ...
B737 Max grounding uncertainty is SIA's biggest worry: UOB KayHian
SINGAPORE (Apr 18): UOB KayHian now believes Singapore Airline’s B737 Max aircraft is likely to remain grounded beyond the research house’s initial July estimate. Six of SilkAir’s B737 Max aircraft -- accounting for 20% of its current seat capacity -- have been grounded by SIA since mid-March. Two B787-10 jets have also been grounded due to wear and tear on engine blades. On Apr 5, ...
SIA's overall passenger load factor dips to 81.5% for March
SINGAPORE (Apr 15): Singapore Airlines reported March passenger load factor (PLF) for the entire group fell 1.4 ppt to 81.5% after group passenger carriage (measured in revenue passenger-kilometres) increased by 6.2% compared to last year, trailing growth in capacity (measured in available seat-kilometres) of 8.1%. PLF for flag carrier SIA declined 1.2 percentage points to 81.0%. Passenger ...
SIA Engineering, SIA sign new services agreement worth up to $1.4 bil
SINGAPORE (Apr 1): SIA Engineering Company (SIAEC) has signed a new comprehensive services agreement with parent company Singapore Airlines (SIA) for a term of 2 years, with an option to renew for a further period of 2 years. If the agreement is renewed after the first two years, it is expected to yield SIAEC a labour revenue of around $1.3 to 1.4 billion over four years. The new agreement ...
SIA establishes $2 bil medium term bond programme
SINGAPORE (Mar 14): Singapore Airlines has established a $2 billion medium term bond programme. The city-state’s flagship carrier says net proceeds from the programme will be used to refinance existing borrowings, finance investments and fixed assets as well as goes towards general working capital purposes. DBS Bank has been appointed arranger of the bond programme while DBS Bank, ...
Singapore Air kept at 'buy' by analysts on expected earnings improvement
SINGAPORE (Feb 18): Despite a 27% drop in its 3Q19 earnings to $284.1 million, Singapore Airlines (SIA) is a still a “buy” in analysts’ books. Revenue for the quarter was 6.5% higher y-o-y at $4.34 billion though, mainly on growth in passenger demand with passenger yields being flat. For 9M19, group earnings came in at $480.1 million, 53% lower than its 9M18 earnings of $1.02 ...
Singapore Airlines posts 27% drop in 3Q earnings to $284 mil on higher fuel costs
SINGAPORE (Feb 15): Singapore Airlines (SIA) reported 3Q19 earnings declined 27% to $284.1 million, compared to $389.2 million in 3Q18. For 9M19, group earnings came in at $480.1 million, 53% lower than its 9M18 earnings of $1.02 billion. Revenue for the quarter was 6.5% higher at $4.34 billion from $4.08 billion in the previous year, largely driven by a 7.7% y-o-y growth in passenger ...
SATS, ST Engineering named UOB's top aviation picks this earnings season
SINGAPORE (Jan 31): UOB Kay Hian is maintaining “overweight” on Singapore’s aviation sector with expectations of Singapore Airlines and ST Engineering to surprise on the downside in the ongoing earnings reporting season. The research house’s top picks are SATS and ST Engineering, both of which are rated “buy” with the respective price targets of $5.60 and $4.06. In a Thursday ...
Singapore Air raised to 'buy' by Maybank after upwards earnings revision
SINGAPORE (Jan 25): Maybank Kim Eng is upgrading Singapore Airlines to “buy” given its revised earnings forecasts are now above consensus. Maybank is raising FY19-21E earnings by 33%, 37% and 17% respectively to factor in lower fuel price, better yield outlook, its latest traffic-growth plans and USD/SGD estimates. “Maybank thinks the market has not priced in SIA’s operational ...
SilkAir's Singapore-Broome direct flight service to return in June 2019
SINGAPORE (Jan 22): SilkAir, the regional wing of Singapore Airlines (SIA), is introducing Phase 2 of its direct flight trial between Singapore and Broome, Western Australia, this June 2019.   Following the successful conclusion of the Phase 1 trial in May-June 2018, the second phase involves four return flights on June 13, 17, 20 and 24 this year. They will run at the same times each ...