FINWIRES · TerminalLIVE
FINWIRES

SGX:C6L

12 stories mentioning SGX:C6L

Every FINWIRES story that references SGX:C6L, newest first.

Asia

Singapore Airlines' Passenger Traffic Rises 4.9% in May

Singapore Airlines' (SGX:C6L) group passenger traffic was up 4.9% year on year in May, according to a Monday filing on the Singapore Exchange.The airline's passenger capacity increased 5.3%, while the group's passenger load factor came in at 86%, with its flagship carrier, Singapore Airlines, logging a passenger load factor of 84.6% and low-cost unit Scoot reporting 91.2%.By the end of May, the group's passenger network covered 135 destinations in 35 countries. Meanwhile, its cargo network spanned 138 destinations across 36 countries and territories.Scoot also launched passenger services to Belitung, Indonesia, in May, according to the filing.

SGX:C6L
Asia

Market Chatter: Singapore Airlines in Discussions with Airbus, Boeing for New Jet Order

Singapore Airlines (SGX:C6L) is in negotiations with Airbus and Boeing to purchase at least 50 large wide-body jets, Reuters reported on Thursday, citing two industry sources.The airline company is seeking offers for either a Boeing 777X model or an Airbus A350-1000, with negotiations still at an early stage, the report said.This comes after the company had outlined its intention to continue expanding its capacity, despite competitors pulling back, the report added.The new orders are expected to help the company in the next phase of its growth, the report said.Singapore Airlines was cited in the report as saying that fleet renewal is being reviewed regularly, but refused to comment on "any confidential discussions that we may or may not be having." Meanwhile, both Boeing and Airbus declined to comment, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SGX:C6L
Asia

Singapore Airlines Unit Scoot Halts Jeddah Flights Until June 20

Singapore Airlines' (SGX:C6L) subsidiary, Scoot, canceled its inbound and outbound flights to Jeddah, Saudi Arabia, until June 20, according to a company release on Friday.Shares of the flight carrier were up over 1% in Monday trading.The rolling suspension specifically hits flights TR796, Singapore to Jeddah, and TR797, Jeddah to Singapore. The budget carrier has also provided customers affected by the cancelations with a full refund.

SGX:C6L
Asia

Singapore Airlines, Air New Zealand to Expand Joint Network

Singapore Airlines (SGX:C6L) and New Zealand (NZE:AIR, ASX:AIZ) agreed to expand their joint network by introducing new non-stop flights into Christchurch and increasing capacity into Auckland, according to a company release on Thursday.Under the new arrangement, Air New Zealand will launch three weekly flights between Singapore and Christchurch during the Northern Winter season, taking the Christchurch operations to 12 weekly services.The New Zealand flight operator will also add four weekly Auckland services during the period.Air New Zealand is expecting a 17% increase in its overall seat capacity between Singapore and New Zealand from late October.

ASX:AIZNZE:AIRSGX:C6L
Asia

PhillipCapital Adjusts Singapore Airlines' Price Target to SG$6.43 from SG$7, Keeps at Neutral

Singapore Airlines (SGX:C6L) has an average rating of hold and mean price target of SG$6.49, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

SGX:C6L
Asia

Singapore Airlines' Attributable Profit Shrinks in Fiscal H2; EPS, Revenue Miss Estimates

Singapore Airlines' (SGX:C6L) attributable profit to owners dropped to SG$945.5 million in the fiscal second half ended March 31 from SG$2.05 billion a year earlier, according to an after-market filing with the Singapore Exchange.Earnings per share declined to SG$0.3 from SG$0.65 a year ago. Analysts polled by Visible Alpha projected EPS of SG$0.265 for the period.Revenue rose to SG$10.8 billion year over year from SG$10.0 billion, beating Visible Alpha forecasts of SG$10.7 billion.The city-state's airline company reported an interim dividend of SG$0.05 per share at a final dividend of SG$0.22 per share for the period, along with a special interim dividend of SG$0.03 per share and a special final dividend of SG$0.07 per share.The dividends will be paid on Aug. 28, the filing said.

SGX:C6L
Asia

Singapore Airlines Budget-Friendly Unit to Add New Aircrafts to Fleet

Scoot, a low-cost unit of Singapore Airlines (SGX:C6L) made an order of five Airbus A320neo family aircraft, according to a Thursday filing with the Singapore Exchange.The airline also exercised options for an additional six aircraft from its 2014 order with Airbus.The new aircraft are expected to be delivered from 2028.The new aircraft will increase the company's capacity and route deployment capacity.

SGX:C6L
Asia

Market Chatter: Air India Nears CEO Decision, Shortlists Singapore Airlines Exec, Insider

Air India has shortlisted Singapore Airlines (SGX:C6L) executive Vinod Kannan and its own commercial head, Nipun Aggarwal, for the role of chief executive officer, Reuters reported May 2, citing people familiar with the matter.The airline's former chief, Campbell Wilson, exited in April amid mounting losses and increasing scrutiny.The Indian flag carrier has not finalized its decision yet and may consider another candidate, the sources reportedly said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SGX:C6L
Asia

Singapore Airlines to Deploy Starlink Broadband Services in 2027

Singapore Airlines (SGX:C6L) will deploy Starlink's low-earth-orbit satellite-based broadband service on its planes, starting from the first quarter of 2027, according to a company release on Monday.The service will be available to all cabin classes on Starlink-enabled aircraft.

SGX:C6L
US Markets

Air China Returns to Profitability in Q1 Amid Energy Shocks; Hong Kong Shares Slide 3%

Air China (HKG:0753) returned to profitability in the first quarter, which could indicate resilience in the industry despite global energy shocks.Attributable net profit at China's flag carrier reached 1.71 billion yuan, compared with a loss of 2.04 billion yuan the previous year, according to a Thursday disclosure to the Hong Kong Exchange.Earnings per share stood at 0.10 yuan, versus a loss per share of 0.12 yuan.The rebound in earnings indicates a resilience in China's aviation sector, especially as it recovers from fuel shocks, Bloomberg reported separately on Thursday.The growth is also in line with expectations from Bank of America Securities.Two other major airlines, China Southern Airlines (HKG:1055, SHA:600029) and China Eastern Airlines (HKG:0670, SHA:600115) also recovered from losses in the first quarter compared with the year-ago period.Air China's turnaround could also mean alignment with other big Asian carriers such as Singapore Airlines (SGX:C6L) and Cathay Pacific (HKG:0293), the report said.However, Air China and its government-controlled peers could be "adversely positioned" due to a more price-sensitive travel cohort in China, as well as high fuel costs which they struggle to pass on to passengers, Reuters quoted HSBC (HKG:0005) as saying.The airline's revenue rose 11% year over year to 44.5 billion yuan from 40.0 billion yuan.Passenger capacity jumped 7.6% to 95.2 available seat kilometers during the quarter. The rise could be attributable to demand during the Lunar New Year, Reuters reported separately.Passenger throughput grew 10% to 42.1 million during the quarter, with domestic passenger count growing 10% to 35.8 million, international passenger count rising 12% to 4.9 million, and regional passenger count increasing 18% to 1.3 million.Cargo and mail throughput during the quarter grew 4.3% to 362,995.4 tonnes, while cargo capacity jumped 3.6% to 3.48 billion available freight tonne kilometers.Chinese international airline capacity could rise 13% year over year during the summer, equivalent to 91% of 2019 levels, Reuters said, citing Bank of America.Shares fell 3% in Hong Kong during Thursday afternoon trading.

HKG:0005HKG:0293HKG:0670HKG:0753HKG:1055SGX:C6LSHA:600029SHA:600115SHA:601111
Asia

Market Chatter: Singapore Airlines Expands Operational Involvement in Loss-Making Air India

Singapore Airlines (SGX:C6L) has decided to increase its operational involvement in Air India, as the Indian carrier navigates a difficult journey, followed by record losses and safety concerns, according to a report by Bloomberg on Thursday.Citing people familiar with the matter on the condition of anonymity, the report revealed that the company has moved some of its employees into Air India and placed them in key decision-making positions.Meanwhile, Tata Group, which has a 74.9% stake in Air India, is honed in one other key functions, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SGX:C6L
Asia

Singapore Airlines' Passenger Traffic Rises 14.7% in March

Singapore Airlines (SGX:C6L) said its group passenger traffic was up 14.7% year on year in March, according to a Wednesday filing on the Singapore Exchange.The airline's passenger capacity increased 7.2%, while the group's passenger load factor came in at 90.6%, with the flagship carrier Singapore Airlines logging a passenger load factor of 90.3% and low-cost unit Scoot reporting 91.7%.Combined passenger carriage increased 14.9% year on year to 3.8 million passengers, the filing said.Cargo loads increased 2.4% year over year against capacity decrease of 1.3%, amid disruptions due to conflict in the Middle East. Meanwhile, the cargo load factor increased by 2.1 percentage points to 59%.By the end of February, the group's passenger network covered 134 destinations in 35 countries. Meanwhile, its cargo network spanned 137 destinations across 36 countries and territories.Scoot also launched passenger services to Tokyo in March, according to the filing.

SGX:C6L