SIA reports 3QFY2023 earnings of $628 million, up 12.7% y-o-y As travel recovery continues, Singapore Airlines (SIA) C6L 0.00% has again reported better earnings. For its 3QFY2023, the airline reported earnings of $628 million, up 12.7% y-o-y. Revenue in the same period was up 8% to $4.85 billion. For the nine months ended Dec 2022, the airline reported earnings of $1.56 billion, versus a loss of $752 million. Revenue, meanwhile, reached $13.26 billion, up 157.9% y-o-y. The airline has been steadily reinstating popular routes to China and India, as well as increasing frequency to the likes of Hong Kong, Seoul, Taipei and various other points in Japan.

As China reopens, SIA is trying to resume its services. It now flies to 14 destinations in China, some way to go before reaching 25 points covered before the pandemic. In its earnings commentary, SIA expects demand for air travel to be robust in its 4Q ended March, with support from higher traffic within East Asia.

Since mid-March, Sats' shares have been rebounding. It closed Monday (Apr 3) at $2.78, representing a 16.8 per cent gain from its Mar 14 close SATS has had a turbulent six months. After announcing it was in talks to buy the world&rsquo s largest air cargo handler Worldwide Flight Services (WFS), the company&rsquo s shares fell from S$4.09 to a low of S$2.38. Since mid-March, however, the stock has been rebounding. It closed Monday (Apr 3) at S$2.78, representing a 16.8 per cent gain from its Mar 14 close. Sats&rsquo rights shares, issued to raise money for the acquisition, commenced trading on Mar 29. And the company announced on Apr 3 that it had completed the acquisition. With the overhang of the rights issue and the deal completion removed, it appears investors are exp

Since mid-March, Sats' shares have been rebounding. It closed Monday (Apr 3) at $2.78, representing a 16.8 per cent gain from its Mar 14 close SATS has had a turbulent six months. After announcing it was in talks to buy the world&rsquo s largest air cargo handler Worldwide Flight Services (WFS), the company&rsquo s shares fell from S$4.09 to a low of S$2.38. Since mid-March, however, the stock has been rebounding. It closed Monday (Apr 3) at S$2.78, representing a 16.8 per cent gain from its Mar 14 close. Sats&rsquo rights shares, issued to raise money for the acquisition, commenced trading on Mar 29. And the company announced on Apr 3 that it had completed the acquisition. With the overhang of the rights issue and the deal completion removed, it appears investors are exp

mid-March, Sats' shares have been rebounding. It closed Monday (Apr 3) at $2.78, representing a 16.8 per cent gain from its Mar 14 close SATS has had a turbulent six months. After announcing it was in talks to buy the world&rsquo s largest air cargo handler Worldwide Flight Services (WFS), the company&rsquo s shares fell from S$4.09 to a low of S$2.38. Since mid-March, however, the stock has been rebounding. It closed Monday (Apr 3) at S$2.78, representing a 16.8 per cent gain from its Mar 14 close. Sats&rsquo rights shares, issued to raise money for the acquisition, commenced trading on Mar 29. And the company announced on Apr 3 that it had completed the acquisition. With the overhang of the rights issue

SIA reports 3QFY2023 earnings of $628 million, up 12.7% y-o-y As travel recovery continues, Singapore Airlines (SIA) C6L 0.00% has again reported better earnings. For its 3QFY2023, the airline reported earnings of $628 million, up 12.7% y-o-y. Revenue in the same period was up 8% to $4.85 billion. For the nine months ended Dec 2022, the airline reported earnings of $1.56 billion, versus a loss of $752 million. Revenue, meanwhile, reached $13.26 billion, up 157.9% y-o-y. The airline has been steadily reinstating popular routes to China and India, as well as increasing frequency to the likes of Hong Kong, Seoul, Taipei and various other points in Japan.

SIA reports 3QFY2023 earnings of $628 million, up 12.7% y-o-y As travel recovery continues, Singapore Airlines (SIA) C6L 0.00% has again reported better earnings. For its 3QFY2023, the airline reported earnings of $628 million, up 12.7% y-o-y. Revenue in the same period was up 8% to $4.85 billion. For the nine months ended Dec 2022, the airline reported earnings of $1.56 billion, versus a loss of $752 million. Revenue, meanwhile, reached $13.26 billion, up 157.9% y-o-y. The airline has been steadily reinstating popular routes to China and India, as well as increasing frequency to the likes of Hong Kong, Seoul, Taipei and various other points in Japan. As of Dec 31 2022, SIA as a group covered 111 passenger destinations in 36 countries, while its cargo network covers 116 destination

uob Strong and stable economy: Singapore has a stable and well-regulated economy with a reputation for being business-friendly. The country has a strong and stable financial system with well-established banks, making it a relatively safe and attractive investment destination. Diversified operations: Many of the major Singapore banks have diversified operations across various financial services, including wealth management, investment banking, and insurance. This diversification helps to mitigate risk and provides a buffer against any downturn in one particular sector.

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