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A380 A Great Way to Fly
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iPunter
Supreme |
17-Feb-2009 11:46
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Don't keep thinking of companies closing down... Because companies will never close down. But companies' share price is a completely different matter... it can go down very very low!!! in bad times...
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tanglinboy
Elite |
17-Feb-2009 11:19
Yells: "hello!" |
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SIA very jia lat. But this is one company that won't close down. Our national carrier. |
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infoshare
Member |
16-Feb-2009 20:50
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16-Feb 2009 , SIA announcement : In January 2009, Singapore Airlines recorded a 6.9% year-on-year decline in systemwide passenger carriage (measured in revenue passenger kilometres). Passenger load factor (PLF) dropped 6.4 percentage points to 74.1% against the backdrop of an increase of 1.0% in capacity (measured in available seat kilometres). The number of passengers carried declined by 10.4% over the same month last year to 1.4 million. |
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infoshare
Member |
12-Feb-2009 20:51
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excerpt from the Financial report posted on SGX: SIA OUTLOOK Demand for air transportation is expected to remain weak for much of 2009. The fuel hedging gains for the first nine months of financial year 2008-09 was $191 million. For January to March 2009, 44% of fuel requirements for the Group, or approximately 3.7 million barrels, have been hedged at average jet fuel price of USD131/BBL. The Company will continue to monitor the patterns of demand and make appropriate adjustments to flight schedules and capacity, while managing costs tightly. comment : Oil price average is about 40 to 45 USD /BBL What does it imply to the operating cost of SIA ? |
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infoshare
Member |
11-Feb-2009 23:09
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Citigroup Global Markets is also downbeat on SIA and has a medium-term price target of $9. Besides the tough operating environment, contributions from subsidiaries and associates will be under pressure, Citigroup said. 'SIA would be earning an ROE well below its cost of capital, which suggests that its share price could trade below book value during this stage of the economic downturn,' Citi analyst Robert Kong noted this week. 'With earnings and price performance volatile, it is difficult to have a long-run fair value for an airline stock.' Citi forecasts SIA's FY 2010 return on equity will fall to 6.7 per cent, from 9.6 per cent in FY 2009. Going forward, the issue for SIA is how it manages capacity and costs amid deteriorating demand, analysts say | |||||||||||||||||
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iceman76sg
Member |
10-Feb-2009 20:35
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hedging loss is 300m+ not 2.1 billion as pedicted by UOB kay hian | |||||||||||||||||
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Alligator
Veteran |
10-Feb-2009 20:34
Yells: "learning from past " |
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Feb 10, 2009
SIA Q3 profit down 43%
SIA, one of Asia's major airlines, forecast a bleak outlook for this year, confirming projections by economists that the global economic situation will worsen before improving. The airline became the latest major carrier to report a big profit fall or losses during the global economic slowdown, which has hurt travel worldwide. Net profit came in at $337 million, from $590 million, on revenue of $4.16 billion which was down 2.6 per cent year on year, the airline said in a statement. SIA said it carried 4.8 million passengers in the October to December period, down 4.2 per cent from the same quarter the year before as travel demand took a hit. It also carried 14.2 per cent less freight during the quarter, mirroring a sharp fall in global trade as economies worldwide reel from the impact of the financial crisis. 'Demand for air transportation is expected to remain weak for much of 2009,' SIA warned. 'The company will continue to monitor the patterns of demand and make appropriate adjustments to flight schedules and capacity while managing costs tightly.' SIA announced late last month the suspension of some international flights, saying it did not want to fly half-empty planes around the world. Flights to India, South-east Asia, the United States and Europe were among those affected. The airline said it was also reducing its all-business-class service to New York and Los Angeles. In its statement on Tuesday, SIA said group expenditure rose 5.7 per cent, as gains from declining jet fuel prices were eroded by hedging losses totalling $341 million. 'Foreign exchange rate movements lowered operating profit by $144 million as major revenue generating currencies, particularly the Australian dollar, the UK pound and the euro, weakened against the Singapore dollar, even as the Japanese yen and the US dollar strengthened,' it said. SIA shares closed four cents higher at $10.44 prior to the announcement. Airlines in the Asia-Pacific region are cutting routes and taking other measures in a bid to deal with the drastic drop in travellers and cargo, and analysts said some carriers may be forced to slash jobs. The region was the airline industry's booming market in recent years but its international passenger traffic fell 9.7 per cent in December over the previous year, the sharpest decline in any region, the International Air Transport Association (IATA) has said. Regional airlines, which account for 45 per cent of global cargo, also registered the steepest fall in freight traffic, with a 26 per cent decline last month, said IATA, the industry's trade organisation. Japan Airlines, Asia's largest carrier, said this month it expected a net loss of 34 billion yen (S$560 million) in the year to March, scrapping an earlier forecast for a 13-billion-yen annual net profit. All Nippon Airways (ANA) is now projecting a loss of nine billion yen for the financial year to March 31 instead of a profit. South Korea's largest airline, Korean Air, this month reported a sharply higher net loss of 659.5 billion won (S$709.9 million) in the fourth quarter. -- AFP |
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Farmer
Master |
10-Feb-2009 16:08
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Hahah! How about collecting @$9 or <? I'm also waiting b'cos buy 1 + 2(SEngg & SATS). Last reported NAV = $12+. | |||||||||||||||||
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ozone2002
Supreme |
10-Feb-2009 14:08
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Cutting back on flight frequencies, asking pilots/staff to go on no pay leave, fuel hedging losses of 1 bln!..these are signs that go to show that the demand for air travel is taking a hit.. definitely will put pressure on its share price.. i'm also waiting to be one of SIA shareholders on the cheap..:) |
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scotty
Senior |
09-Feb-2009 11:10
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SIA is linked closely to the travel and hospitality industry which is suffering badly now. I am waiting for <$10 before I consider buying
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ozone2002
Supreme |
09-Feb-2009 09:18
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short..losses on the fuel hedging is HUGE!~ | |||||||||||||||||
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iceman76sg
Member |
08-Feb-2009 23:15
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oh no, just bought another 1 lot at $11.....any advice? | |||||||||||||||||
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Alligator
Veteran |
07-Feb-2009 22:29
Yells: "learning from past " |
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from Busimess Times
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AK_Francis
Supreme |
01-Dec-2008 02:01
Yells: "Happy go lucky, cheers." |
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Not a good sign for turmoil in India n Thailand. Cancellation of flights n less demand could affect its profits. Added to the running loss of business, its 08FY is not that encouraging. Though CO price had been declined greatly, but that could not leveraged d overall earning. |
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goondoo
Member |
28-Nov-2008 16:33
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Hmm, this bugger seems to be consolidating for several days liao, for either an upward or downward move. Especially today, with only a $0.10 movement band for a $10 stock, translating to a 1% moving band. Most trades done at $10.38 to $10.40, very weird, very tight trading band. Any comments? |
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iPunter
Supreme |
27-Nov-2008 00:40
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It may be still early to say the economy is down... |
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bola_no1
Senior |
27-Nov-2008 00:37
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Just checked in BCN... flying off this fri. Almost full load..cant even get the seats i want. My wife just flew back from Lon... also full. well i think economy down - yes overall nontheless it will impact flying trips/cut business class etc. But national airline shld be able to weather this turmoil. My view only. |
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ozone2002
Supreme |
26-Nov-2008 21:56
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full load flights? i got frens as crew, pilots and captains ..all telling me that the load is bad.. with coporate travel being cut..i wonder who's filling up the seats? GHOSTS? | |||||||||||||||||
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serene
Senior |
26-Nov-2008 21:28
Yells: "No Venture, No Gains (Caveat Emptor)" |
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You sure or not. Just returned from Beijing, and the flight is only 1/3 full. Even tourist arrivals have fallen 8.1 per cent compared to October last year. Just wondering if they hedge fuel at US$140 and above? You guess is just as good as mine. | |||||||||||||||||
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bola_no1
Senior |
26-Nov-2008 17:19
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Nah no impact one Bkk. they are not cutting staff/pay. In fact, many full load flights to UK and Europe. Got friends as crews. Cheers. |
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