SIA Engineering's Shares Fall After Third-Quarter Operating Loss Widens

marketwatch2023-02-20

SIA Engineering Co.'s shares fell Monday morning after the company posted a wider operating loss for the third quarter as costs climbed.Shares fell as much as 4.9% to 2.31 Singapore dollars in early ...

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Comments

Bodoh
2023-02-20
Bodoh
So much for the hype about resumption of normalcy
- 鸟雨花香:
  👍
NoelDarkages
2023-02-20
NoelDarkages
Woah....

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href=https://www.marketwatch.com/story/sia-engineering-s-shares-fall-after-third-quarter-operating-loss-widens-3c1280a4?mod=newsviewer_click><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SIA Engineering Co.'s shares fell Monday morning after the company posted a wider operating loss for the third quarter as costs climbed.Shares fell as much as 4.9% to 2.31 Singapore dollars in early ...</p>\n\n<a href=\"https://www.marketwatch.com/story/sia-engineering-s-shares-fall-after-third-quarter-operating-loss-widens-3c1280a4?mod=newsviewer_click\">Source 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fell Monday morning after the company posted a wider operating loss for the third quarter as costs climbed.Shares fell as much as 4.9% to 2.31 Singapore dollars in early trade and were recently 3.7% lower.The Singaporean aerospace company reported an operating loss of S$12.5 million (US$9.4 million) for the quarter on Friday after market close, compared with a loss of S$7.8 million a year earlier.Though revenue rose 48.6% to S$208.1 million, its group expenditure increased at a higher rate of 49.3% to S$220.6 million.\"Manpower costs increased largely due to increase in headcount, cessation of manpower cost mitigation measures and increments,\" the company said in a statement Friday.CGS-CIMB analysts reckon that staff costs will likely remain a concern for SIA Engineering, despite the company benefiting from China's reopening.\"We now think the structural labor shortage affecting the aviation [maintenance, repair and overhaul] industry could take longer than expected to ease,\" 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