Singapore Airlines Records Toughest Year in History

Airline Geeks2021-05-24

Singapore flag carrier Singapore Airlines reported on Wednesday that it had suffered a net loss of4.3 billion Singapore dollars ($3.23 billion)for the financial year ending in March 2021 as the Covid-...

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

HLPA
2021-05-24
HLPA
May have to say goodbye to the good old days!
- PEHPEH:
  T.T
- PEHPEH:
  Sigh
- LynHuatAh:
  think so
ngchris
2021-05-24
ngchris
As expected.
- MayTan:
  Agreed.
ckww
2021-05-24
ckww
I believe it will not go bankrupt with the government support. But its debt is mounting and shareholders interest diluting. Its will take a long while to recover. Maybe suitable for short term trading with the wild movement of the price.
phtan68
2021-05-24
phtan68
Buy Southern $SO better
yong9900
2021-05-24
yong9900
[驚訝]
- FongLing:
  Done
Atwosome
2021-05-24
Atwosome
Stay strong
- Ironteam:
  The second lockdown will not look good for them this year, just when more travel bubbles were about to be established.
- TruthfulPep:
  ?
- 朝即安大:
  加油
- hwwong1230:
  must survive

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1190158785?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-05-24 10:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1190158785","market":"sg","top_or_hot":-1,"title":"Singapore Airlines Records Toughest Year in History","media":"Airline Geeks","content":"<div>\n<p>Singapore flag carrier Singapore Airlines reported on Wednesday that it had suffered a net loss of4.3 billion Singapore dollars ($3.23 billion)for the financial year ending in March 2021 as the Covid-...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/should-investors-answer-sias-call-for-more-cash\">Source Link</a>\n\n</div>\n","source":"lsy1621823295102","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 Records Toughest Year in History</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 Records Toughest Year in History\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-24 10:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/should-investors-answer-sias-call-for-more-cash><strong>Airline Geeks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore flag carrier Singapore Airlines reported on Wednesday that it had suffered a net loss of4.3 billion Singapore dollars ($3.23 billion)for the financial year ending in March 2021 as the Covid-...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/should-investors-answer-sias-call-for-more-cash\">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.businesstimes.com.sg/companies-markets/should-investors-answer-sias-call-for-more-cash","article_id":"1190158785","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190158785","pubTimestamp":1621823299,"sourceInfo":{"source_id":"lsy1621823295102","name":"Airline Geeks"},"weMediaInfo":null,"summary":"Singapore flag carrier Singapore Airlines reported on Wednesday that it had suffered a net loss of4.","collect":0,"end_time":0,"defaultTopTitle":"businesstimes.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"C6L.SI":"新加坡航空公司"},"translate_title":"新航创史上最艰难一年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C6L.SI":0.9},"content_text":"Singapore flag carrier Singapore Airlines reported on Wednesday that it had suffered a net loss of4.3 billion Singapore dollars ($3.23 billion)for the financial year ending in March 2021 as the Covid-19 pandemic continues to wreck international aviation, which the airline relies on given Singapore’s lack of a domestic aviation market.\nThe massive loss was far bigger than the 212 million Singapore dollar loss recorded in the prior financial year, its first-ever dip into the red, when only one quarter had been affected by the pandemic.\nThe airline said group passenger traffic shrank 97.9% in the financial year ended March 31 from a year before and that group revenue fell by 12 billion Singapore dollars to 3.816 billion Singapore dollars due to the decline in passenger flown revenue across Singapore Airlines, SilkAir and Scoot, the three passenger airlines within the group.\nThis was partially offset by an increase in cargo flown revenue, which rose by 39% year-over-year to 2.71 billion Singapore dollars — which was the result of advancements in freighter utilization — such as operating passenger aircraft for cargo-only flights and removing seats from passenger cabins to create additional cargo volume.\nStrong air cargo demand, especially in key segments such as e-commerce, pharmaceuticals and electronics, provided strong support for both cargo load factors and yields amid tight industry cargo capacity.\nThe group’s cargo network comprised 72 destinations including Singapore, up from a previous 66 as of December 31, 2020.\nSingapore Airlines Group said that it expects passenger capacity to be around 28% of pre-Covid-19 levels by June 2021. By July 2021, group capacity is expected to reach around 32$ of pre-Covid-19 levels, and it expects to serve around 49% of the destinations that were flown before the crisis.\nThe estimated numbers have been reduced as the much-anticipatedSingapore-Hong Kong travel bubblethat was due to launch on May 26 has once again been delayed amid a spike in recent Covid-19 infections in Singapore.\n“Singapore Airlines strongly supports all efforts to further open borders in a safe and calibrated manner,” the airline said in a statement, further adding that, “the group expects to continue with a measured expansion of the passenger network and will remain nimble and flexible in adjusting capacity to meet the demand for air travel.”\nFleet Growth Despite Weak Demand\nCurrently, the group fleet consists of 162 passenger aircraft and seven freighters. This excludes the 414 aircraft which are deemed surplus to the group’s requirements, six Boeing 737 MAX 8s that have been temporarily withdrawn from service and two aircraft — one Airbus A330 and one Airbus A320 — that have left the operating fleet in preparation for lease returns.\nYet despite the weak passenger demand, the Singapore Airlines Group is expecting to take delivery of 32 aircraft in the coming twelve months, which includes eight Boeing 737 MAX 8s, although it is uncertain when the aircraft type will return to service within the region.\n“What happens moving forward is really fluid, because it depends on the authorities ungrounding the 737 Max, including Singapore [and] other jurisdictions that the MAX will fly to,” said Executive Vice President for Finance and Strategy Tan Kai Ping.\nTaken together with five aircraft that will exit the group fleet, this delivery will record a net increase of 27 aircraft in the year to March 31 2022.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":131898915,"gmtCreate":1621843272437,"gmtModify":1704363149168,"author":{"id":"3569274903458035","authorId":"3569274903458035","name":"HLPA","avatar":"https://static.tigerbbs.com/07e7b987a9127c5a47dbc3ae02db548b","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":8,"crmLevelSwitch":1},"htmlText":"May have to say goodbye to the good old days!","listText":"May have to say goodbye to the good old days!","text":"May have to say goodbye to the good old days!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/131898915","repostId":1190158785,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4444627,"gmtCreate":1621947034910,"gmtModify":1680790879750,"authorId":3568799656541576,"author":{"id":3568799656541576,"authorId":3568799656541576,"name":"PEHPEH","avatar":"https://static.tigerbbs.com/af5e8cdcfb3b610e210a145cbda18d52","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131898915,"type":1,"supId":0,"prevId":0,"content":"T.T","text":"T.T","html":"T.T"},{"id":4444649,"gmtCreate":1621947127401,"gmtModify":1680790879520,"authorId":3568799656541576,"author":{"id":3568799656541576,"authorId":3568799656541576,"name":"PEHPEH","avatar":"https://static.tigerbbs.com/af5e8cdcfb3b610e210a145cbda18d52","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131898915,"type":1,"supId":0,"prevId":0,"content":"Sigh","text":"Sigh","html":"Sigh"},{"id":4434851,"gmtCreate":1621876231967,"gmtModify":1680790710243,"authorId":3574550675586314,"author":{"id":3574550675586314,"authorId":3574550675586314,"name":"LynHuatAh","avatar":"https://static.tigerbbs.com/901d081dbe36cc6d27f15400f52a7899","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131898915,"type":1,"supId":0,"prevId":0,"content":"think so","text":"think so","html":"think so"}],"langContent":"EN"},{"id":131117134,"gmtCreate":1621835107828,"gmtModify":1704363042959,"author":{"id":"3572005609122539","authorId":"3572005609122539","name":"ngchris","avatar":"https://static.tigerbbs.com/76fa13deb76ef9b61305ed927b5c3290","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0},"htmlText":"As expected.","listText":"As expected.","text":"As expected.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/131117134","repostId":1190158785,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4429595,"gmtCreate":1621835652873,"gmtModify":1680790608219,"authorId":3573019619191060,"author":{"id":3573019619191060,"authorId":3573019619191060,"name":"MayTan","avatar":"https://static.tigerbbs.com/808e2dbe5d70103ebf181c1496a31644","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131117134,"type":1,"supId":0,"prevId":0,"content":"Agreed.","text":"Agreed.","html":"Agreed."}],"langContent":"EN"},{"id":131341643,"gmtCreate":1621830764382,"gmtModify":1704362965215,"author":{"id":"3581586523786578","authorId":"3581586523786578","name":"ckww","avatar":"https://static.tigerbbs.com/bc2cc1ef6533d547201ce880e7c04b9c","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"I believe it will not go bankrupt with the government support. But its debt is mounting and shareholders interest diluting. Its will take a long while to recover. Maybe suitable&nbsp;for short term trading with the wild movement of the price.&nbsp;","listText":"I believe it will not go bankrupt with the government support. But its debt is mounting and shareholders interest diluting. Its will take a long while to recover. Maybe suitable&nbsp;for short term trading with the wild movement of the price.&nbsp;","text":"I believe it will not go bankrupt with the government support. But its debt is mounting and shareholders interest diluting. Its will take a long while to recover. Maybe suitable for short term trading with the wild movement of the price.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131341643","repostId":1190158785,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":131332716,"gmtCreate":1621826539135,"gmtModify":1704362883628,"author":{"id":"3574739732742262","authorId":"3574739732742262","name":"phtan68","avatar":"https://static.tigerbbs.com/6e3f25ca6f0628d3425ae8bb0e944aab","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Buy Southern&nbsp;$SO&nbsp;better","listText":"Buy Southern&nbsp;$SO&nbsp;better","text":"Buy Southern $SO better","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131332716","repostId":1190158785,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":131309370,"gmtCreate":1621824590490,"gmtModify":1704362848088,"author":{"id":"3581563798792598","authorId":"3581563798792598","name":"yong9900","avatar":"https://static.tigerbbs.com/6bfaed196ec3900a42d2273573aefc17","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[驚訝]&nbsp;","listText":"[驚訝]&nbsp;","text":"[驚訝]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/131309370","repostId":1190158785,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4427867,"gmtCreate":1621824728543,"gmtModify":1680790581794,"authorId":3578911332049824,"author":{"id":3578911332049824,"authorId":3578911332049824,"name":"FongLing","avatar":"https://static.tigerbbs.com/450c295f4ac0d8b1cf86a75c3a5bf721","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131309370,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"CN"},{"id":131970870,"gmtCreate":1621823801090,"gmtModify":1704362835140,"author":{"id":"3571305152732730","authorId":"3571305152732730","name":"Atwosome","avatar":"https://static.tigerbbs.com/2085a92415ef32924f70d916d490adce","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":8,"crmLevelSwitch":1},"htmlText":"Stay strong","listText":"Stay strong","text":"Stay strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/131970870","repostId":1190158785,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4433137,"gmtCreate":1621864683300,"gmtModify":1680790670351,"authorId":3561582804451218,"author":{"id":3561582804451218,"authorId":3561582804451218,"name":"Ironteam","avatar":"https://static.tigerbbs.com/820ff4e88bef87bdd250ce62ad08f334","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131970870,"type":1,"supId":0,"prevId":0,"content":"The second lockdown will not look good for them this year, just when <u>more</u> travel bubbles were about to be established.","text":"The second lockdown will not look good for them this year, just when <u>more</u> travel bubbles were about to be established.","html":"The second lockdown will not look good for them this year, just when <u>more</u> travel bubbles were about to be established."},{"id":4427720,"gmtCreate":1621823927950,"gmtModify":1680790582583,"authorId":3569469016287731,"author":{"id":3569469016287731,"authorId":3569469016287731,"name":"TruthfulPep","avatar":"https://static.tigerbbs.com/3046e394899cd454b96359b74a0a90ad","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131970870,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"},{"id":4427746,"gmtCreate":1621824122074,"gmtModify":1680790582232,"authorId":3575846823269420,"author":{"id":3575846823269420,"authorId":3575846823269420,"name":"朝即安大","avatar":"https://static.tigerbbs.com/755ede52eb92cd0b27c464c9736a0db7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131970870,"type":1,"supId":0,"prevId":0,"content":"加油","text":"加油","html":"加油"},{"id":4428015,"gmtCreate":1621825803538,"gmtModify":1680790577418,"authorId":3582773445134821,"author":{"id":3582773445134821,"authorId":3582773445134821,"name":"hwwong1230","avatar":"https://static.tigerbbs.com/bf68349f7c8e0395c93a308fa5c755c2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131970870,"type":1,"supId":0,"prevId":0,"content":"must survive","text":"must survive","html":"must survive"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":24,"commentSize":6,"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":"4.24.2","shortVersion":"4.24.2","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/1190158785"}