Singapore Airlines Says Reserves Sufficient for Well Into 2023

Bloomberg2021-06-01

Singapore Airlines Ltd.said the S$6.2 billion ($4.7 billion) raised through convertible bonds, along with existing cash reserves, should cover its financial needs well into the year ending March 2023,...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Alvin1975
2021-06-01
Alvin1975
Give me a comment and response. Thanks!
Issacwilson
2021-06-01
Issacwilson
?
Jimmyboy
2021-06-01
Jimmyboy
Pls like and comment
- BeBob:
  Hi
- CyclopsMZ:
  Done. Pls comment back
BBBBBBBBBB
2021-06-01
BBBBBBBBBB
Like n comment pls
- BBBBBBBBBB:
  Ok
- CyclopsMZ:
  Done. Pls comment back
Boink
2021-06-01
Boink
Airline bust..

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1149724894?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-01 14:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1149724894","market":"hk","top_or_hot":-1,"title":"Singapore Airlines Says Reserves Sufficient for Well Into 2023","media":"Bloomberg","content":"<div>\n<p>Singapore Airlines Ltd.said the S$6.2 billion ($4.7 billion) raised through convertible bonds, along with existing cash reserves, should cover its financial needs well into the year ending March 2023,...</p>\n\n<a href=\"https://www.bloomberg.com/asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Airlines Says Reserves Sufficient for Well Into 2023</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Airlines Says Reserves Sufficient for Well Into 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 14:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore Airlines Ltd.said the S$6.2 billion ($4.7 billion) raised through convertible bonds, along with existing cash reserves, should cover its financial needs well into the year ending March 2023,...</p>\n\n<a href=\"https://www.bloomberg.com/asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"C6L.SI","symbol_name":"新加坡航空公司","start_time":0,"source_url":"https://www.bloomberg.com/asia","article_id":"1149724894","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1149724894","pubTimestamp":1622527593,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Singapore Airlines Ltd.said the S$6.2 billion ($4.7 billion) raised through convertible bonds, along","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"C6L.SI":"新加坡航空公司"},"translate_title":"新加坡航空公司称储备足够到2023年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C6L.SI":0.9},"content_text":"Singapore Airlines Ltd.said the S$6.2 billion ($4.7 billion) raised through convertible bonds, along with existing cash reserves, should cover its financial needs well into the year ending March 2023, according to a statement Tuesday.\nThe nation’s flagship carrier was responding to questions from theSecurities Investors Association (Singapore)last month about whether it hasconsidered privatization. Singapore Airlines said that privatization wasn’t a matter for it to consider because it is a shareholder action.\n“Given that the proceeds from the rights issue will be treated as equity in the balance sheet, this allows us to maintain a strong equity base and creates options for raising further debt financing as necessary,” the airline said.\nSingapore Airlines has raised S$15.4 billion, which includes S$8.8 billion from a rights offering, since April last year and cut about 20% of its workforce to reduce costs. TheInternational $Air Transport(ATSG)$ Associationin April widened itsestimatefor losses this year to about $48 billion as new Covid flare-ups push back the timeline for a start of international air travel. The situation is particularly dire for carriers like Singapore Airlines that have no domestic market to fall back on.\nThe carrier posted its worst annual loss at the end of March in the “toughest year in its history” as Covid continues to wreak havoc on global travel. Temasek Holdings Pte, Singapore Airlines’ largest shareholder, has provided an undertaking to subscribe to its pro-rata entitlement and any remaining balance of the convertible-bond issuance, the carriersaidlast month.\nSingapore Airlines’ monthly operating cash burn has fallen to about S$100 million to S$150 million, from S$350 million at the start of the pandemic. It said it will continue to rein in cash burn through revenue generated from cargo and a gradual improvement from its passenger business.\n“Demand from the e-commerce and pharmaceutical segments, among others, remains robust. Singapore Airlines is well positioned to capture more Covid-19 vaccine shipments into the Asia Pacific region as vaccine production ramps up and exports grow,” it said in Tuesday’s statement.\nThe recent rise in fuel prices could lead to smaller losses or gains on its fuel hedging contracts, which will also help it to cut costs. “Our goal is to provide long-term value for shareholders by ensuring that the company returns to profitability,” it said.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":119150969,"gmtCreate":1622529599351,"gmtModify":1704185704632,"author":{"id":"3573788625955643","authorId":"3573788625955643","name":"Alvin1975","avatar":"https://static.tigerbbs.com/beba0668af2d109b87221754e75935b3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573788625955643","authorIdStr":"3573788625955643"},"htmlText":"Give me a comment and response. Thanks!","listText":"Give me a comment and response. Thanks!","text":"Give me a comment and response. Thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119150969","repostId":1149724894,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":119165900,"gmtCreate":1622528119400,"gmtModify":1704185685902,"author":{"id":"3570851911602612","authorId":"3570851911602612","name":"Issacwilson","avatar":"https://static.tigerbbs.com/2df3bb907663b44274ed934252dd7e68","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3570851911602612","authorIdStr":"3570851911602612"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119165900","repostId":1149724894,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":119166759,"gmtCreate":1622528032571,"gmtModify":1704185683790,"author":{"id":"3582072891665879","authorId":"3582072891665879","name":"Jimmyboy","avatar":"https://static.tigerbbs.com/cb9d5d497bceb3edaca216e9eeab3c22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582072891665879","authorIdStr":"3582072891665879"},"htmlText":"Pls like and comment","listText":"Pls like and comment","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/119166759","repostId":1149724894,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4527788,"gmtCreate":1622531302517,"gmtModify":1680792362228,"authorId":3585307651801295,"author":{"id":3585307651801295,"idStr":"3585307651801295","authorId":3585307651801295,"name":"BeBob","avatar":"https://static.tigerbbs.com/4c7fb1588c34a61b54c3059c16e50b4e","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.27","exceedPercentage":"93.39%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":119166759,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"},{"id":4527507,"gmtCreate":1622528421223,"gmtModify":1680792347832,"authorId":3581559265905778,"author":{"id":3581559265905778,"idStr":"3581559265905778","authorId":3581559265905778,"name":"CyclopsMZ","avatar":"https://community-static.tradeup.com/news/735f1dd680742aeb48f67d205ad83033","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":119166759,"type":1,"supId":0,"prevId":0,"content":"Done.  Pls comment back","text":"Done.  Pls comment back","html":"Done.  Pls comment back"}],"langContent":"EN"},{"id":119168647,"gmtCreate":1622527956589,"gmtModify":1704185681343,"author":{"id":"3581562365927542","authorId":"3581562365927542","name":"BBBBBBBBBB","avatar":"https://static.tigerbbs.com/973395458d7e1db24dbd4a689c79e8a2","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581562365927542","authorIdStr":"3581562365927542"},"htmlText":"Like n comment pls","listText":"Like n comment pls","text":"Like n comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/119168647","repostId":1149724894,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4527866,"gmtCreate":1622531964111,"gmtModify":1680792358439,"authorId":3581562365927542,"author":{"id":3581562365927542,"idStr":"3581562365927542","authorId":3581562365927542,"name":"BBBBBBBBBB","avatar":"https://static.tigerbbs.com/973395458d7e1db24dbd4a689c79e8a2","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":119168647,"type":1,"supId":4527512,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4527512,"gmtCreate":1622528432790,"gmtModify":1680792346446,"authorId":3581559265905778,"author":{"id":3581559265905778,"idStr":"3581559265905778","authorId":3581559265905778,"name":"CyclopsMZ","avatar":"https://community-static.tradeup.com/news/735f1dd680742aeb48f67d205ad83033","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":119168647,"type":1,"supId":0,"prevId":0,"content":"Done. Pls comment back","text":"Done. Pls comment back","html":"Done. Pls comment back"}],"langContent":"EN"},{"id":119168008,"gmtCreate":1622527930604,"gmtModify":1704185680528,"author":{"id":"3584620238111631","authorId":"3584620238111631","name":"Boink","avatar":"https://static.tigerbbs.com/c209643e8a7d239ba24db30470811841","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3584620238111631","authorIdStr":"3584620238111631"},"htmlText":"Airline bust..","listText":"Airline bust..","text":"Airline bust..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119168008","repostId":1149724894,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":14,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1149724894"}