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SGX:C6L

26 stories mentioning SGX:C6LUpdated 5d ago

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Market Chatter: Singapore Government Defends SIA's Overseas Push, Air India Investment

The Singapore government has defended Singapore Airlines' (SGX:C6L) investments in foreign carriers, including its 25% stake in loss‑making Air India, Transport Minister Jeffrey Siow told Parliament Tuesday, according to media reports.Siow said it was important for the flag carrier to expand overseas, given limited passenger volumes within Singapore. He further noted that SIA funds its investments from its own balance sheet without seeking shareholder financing, as per the reports.Singapore Airlines owns a 25% stake in Air India, while Indian conglomerate Tata Group holds the majority 75% stake.(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.)

Market Chatter: Singapore Government Won't Interfere in Singapore Airlines' Decisions for Air India Bailout

The Singapore government will not intervene in Singapore Airlines' (SGX:C6L) decisions regarding Air India, which is seeking around 100 billion Indian rupees in financial aid from shareholders, Bloomberg reported Saturday.Singapore's Senior Minister K Shanmugam told reporters that it was the airline's responsibility to assess its investments in Air India and the resources it has for the company's long-term growth and profitability, the report 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.)

Market Chatter: Temasek Backs Singapore Airlines Investment in Air India Amid Scrutiny

Temasek, a majority shareholder of Singapore Airlines (SGX:C6L), has backed the city-state carrier's investment in Air India amid growing scrutiny over its stake in the loss-making company, according to Reuters on Saturday.In a letter responding to a newspaper comment, Juliet Teo, joint head of portfolio development at Temasek, said the state investor views Singapore Airlines' decision to invest in Air India from a long-term perspective and will support it.Transformation of the financially besieged carrier involves multi-year operational and integration challenges, with Teo adding that such efforts require time, the report added.Earlier, Air India had requested about $1.5 billion in fresh equity from owners Tata Sons and Singapore Airlines, the report noted.(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.)

Market Chatter: Air India Seeks $1.5 Billion Fresh Equity From Tata Sons, Singapore Airlines

Air India is in talks with owners Tata Sons and Singapore Airlines (SGX:C6L) to raise about $1.5 billion in fresh equity, Reuters reported, citing two people familiar with the matter.The airline is urgently seeking funds, although the investment could be made in stages, according to the report.Singapore Airlines would have to participate in the proposed equity infusion in proportion to its shareholding for it to proceed, Reuters said.Talks remain ongoing, and no final decision has been made, the report added.Air India, Tata Sons and Singapore Airlines did not immediately respond to' request for comment.(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.)

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Market Chatter: Singapore Airlines Deploys AI Applications in Digital Push

Singapore Airlines (SGX:C6L) has deployed more than 160 AI applications across its operations as the city-state's airlines looks to become a leading digital airline, Business Times reported on Tuesday, citing the carrier's senior vice president of information technology, George Wang.The carrier's customer-facing AI chatbot Kris, has almost doubled its customer satisfaction score since its relaunch in July 2025, while the company has also reported 30 man-hours of operations a day through its AI-assisted crew scheduling, the report said.Meanwhile, an internal generative tool named Jarvis, which was launched in 2024, has achieved a 95% penetration rate among staff, with non-technical employees managing to create around 1,500 AI agents without coding, the report noted.(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.)

Singapore Airlines' Passenger Traffic Rises 3% in July

Singapore Airlines' (SGX:C6L) group passenger traffic rose 2.6% year on year in July, according to a Monday filing on the Singapore Exchange.Passenger capacity increased 5.5%, while group passenger load factor came in at 86%.Combined passenger carriage increased 4% year on year to 3.7 million. Cargo loads were stable year on year, while cargo capacity fell 1.5%, lifting the cargo load factor to 58%.During the month, the airline's budget unit, Scoot, suspended services to Jeddah in Saudi Arabia from July 14 following an escalation of the Middle East conflict, while Singapore Airlines' services to Dubai remain suspended.As of July 31, the group's passenger network covered 136 destinations across 35 countries and territories, while its cargo network spanned 139 destinations across 36 countries and territories.

Singapore Airlines Backing Air India Despite Financial Burden

Singapore Airlines' (SGX:C6L) 25.1% stake in Air India remains a pillar of its multi-hub strategy, granting it direct access to India's market, the airline company told investors in its responses to questions from the Securities Investors Association (Singapore).Shares of the company were up nearly 2% in Monday trading.The Indian air carrier recorded a share of losses from Air India of around SG$945.2 million in fiscal 2026, with investment value following to SG$1.13 billion, according to a company release on Friday.The company is working with Tata Sons to support Air India's transformation.

Research54d ago

Citi Upgrades Singapore Airlines to Neutral From Sell, Adjusts Price Target to SG$7.58 From SG$6.28

Singapore Airlines (SGX:C6L) has an average rating of hold and mean price target of SG$7.01, according to analysts polled by FactSet.

Singapore Airlines' Passenger Traffic Rises 4.1% in June

Singapore Airlines' (SGX:C6L) group passenger traffic was up 4.1% year on year in June, according to a Wednesday filing on the Singapore Exchange.Passenger capacity increased 6.0%, while group passenger load factor came in at 87.1%.Combined passenger carriage increased 6.3% year on year to 3.7 million, the filing said.Cargo load increased 5.1% year over year, while the cargo load factor rose to 60.6%.During the month, Singapore Airlines launched services to Hangzhou in mainland China, while its low-cost arm Scoot launched services to Pontianak in Indonesia.As of June 30, the flag carrier's passenger network covered 137 destinations across 36 countries. Meanwhile, cargo network spanned 139 destinations across 36 countries and territories.

Singapore Airlines, Scoot Cancel Flights Between Taiwan, Singapore Amid Typhoon Bavi

Singapore Airlines (SGX:C6L) and its low-cost arm Scoot have cancelled several flights between Singapore and Taiwan due to adverse weather conditions resulting from Typhoon Bavi, according to advisories issued by the airlines.The airline said it will be contacting all affected customers to inform them about the flight cancellations or changes to the flight schedules. The customers will be reaccommodated on alternative flights or be offered a refund.Typhoon Bavi is described as one of the largest storms to hit Taiwan in over three decades, Channel News Asia reported.Singapore Airlines shares were down nearly 1% in early trade on Monday.

Singapore Airlines Files for Singapore Listing of 1.5 Billion Yuan Bonds

Singapore Airlines (SGX:C6L) filed for the listing of 1.5 billion yuan worth of 2.38% bonds due 2031 on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.The bonds will be listed and quoted on the Bonds Market on July 1, the airline operator said.

Singapore Airlines, Air China Sign MoU to Deepen Partnership

Singapore Airlines (SGX:C6L) and Air China (HKG:0753, SHA:601111) have signed a memorandum of understanding to establish a commercial joint venture, with a view to expanding their codeshare network beyond existing routes, according to a joint release on Monday.Under the partnership, the two companies will explore joint fare products, marketing and revenue-sharing arrangements.Through their pre-existing Star Alliance partnership, members will be able to earn and redeem miles flexibly across both airlines.The two parties will also exchange best practices in ground handling, catering and in-flight services.

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Singapore Airlines Launches 1.5-Billion-Yuan Dim Sum Bonds

Singapore Airlines (SGX:C6L) launched 1.50 billion yuan in "dim sum" bonds, according to a Wednesday filing with the Singapore Exchange.The dim sum bonds, which are yuan-denominated bonds offered outside of China, hold an interest rate of 2.38% and will mature in 2031.The company will use the proceeds to purchase aircraft, make aircraft-related payments, and fund general corporate or working capital purposes.The Singapore branches of Bank of China (HKG:3988, SHA:601988), HSBC (HKG:0005), Standard Chartered Bank (HKG:2888), and DBS Bank (SGX: D05) are the joint lead managers.Shares of Singapore Airlines rose 1% during morning trading.

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Market Chatter: Singapore Airlines Reportedly Picks Banks for Five-Year Bond Sale

Singapore Airlines (SGX:C6L) mandated Bank of China (SHA:601988), DBS, HSBC (HKG:0005) and Standard Chartered (HKG:2888) as arrangers for a five-year bond sale, Reuters reported, citing a document it saw.The airline could launch the offering as early as Tuesday, with the bonds reportedly worth at least 1 billion yuan, according to the Monday report.Singapore Airlines did not immediately respond to a request for comment from.(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.)

HKG:0005HKG:2888SGX:C6LSHA:601988

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.

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.)

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.

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.

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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.

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.

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