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BRIEF-Singapore Airlines Says Interim Dividend Of 10 SG Cents Per Share

Reuters SG
·1-min read

Nov 4 (Reuters) - Singapore Airlines:

* INTERIM DIVIDEND OF 10 SG CENTS PER SHARE TO BE PAID IN DECEMBER

* SEES POTENTIAL HEADWINDS IN 2023 FROM INFLATIONARY PRESSURES AND GLOBAL ECONOMIC UNCERTAINTIES

* ROBUST NEAR-TERM FORWARD PASSENGER SALES ACROSS ALL CABIN CLASSES

* DEMAND IS EXPECTED TO BE STRONG AS WE HEAD INTO THE YEAR-END PEAK TRAVEL SEASON

* WE EXPECT DEMAND TO PICK-UP IN HONG KONG, TAIPEI, AND POINTS IN JAPAN ESPECIALLY OVER THE HOLIDAY PERIOD

* DURING Q2, SIA ADDED TWO AIRBUS A350-900 WIDE-BODY AIRCRAFT TO ITS OPERATING FLEET

* QTRLY TOTAL REVENUE S$4,488 VERSUS S$3,928 MILLION IN Q1 2022/2023

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* QTRLY NET PROFIT S$557 MILLION

* GROUP HAS STEPPED UP SERVICES TO MEET STRONG TRAVEL DEMAND TOWARDS YEAR-END HOLIDAY SEASON

* FORWARD SALES ARE EXPECTED TO REMAIN BUOYANT IN COMING MONTHS LEADING UP TO LUNAR NEW YEAR PERIOD FOR EAST ASIA

* SCOOT WILL RESUME SCHEDULED FLIGHTS TO HOKKAIDO VIA TAIPEI FROM NOVEMBER

* GROUP CAPACITY IS PROJECTED TO REACH AN AVERAGE OF AROUND 76% IN THIRD AND FOURTH QUARTERS OF FY2022/23

* HIGH FUEL PRICES, INFLATION ACROSS SUPPLY CHAIN, GEOPOLITICS, INCLUDING RISK OF GLOBAL RECESSION CONCERN BEYOND LUNAR NEW YEAR PERIOD

* FORWARD SALES ARE EXPECTED TO REMAIN BUOYANT IN THE COMING MONTHS LEADING UP TO THE LUNAR NEW YEAR PERIOD

* CARGO DEMAND IN Q3 OF FY2022/23 PROJECTED TO BE WEAKER YOY AS THIS YEAR'S TRADITIONAL AIR CARGO PEAK PERIOD IS EXPECTED TO BE MUTED.

* WE EXPECT DEMAND TO PICK-UP IN HONG KONG, TAIPEI, AND POINTS IN JAPAN ESPECIALLY OVER HOLIDAY PERIOD

* DEMAND IS EXPECTED TO BE STRONG AS WE HEAD INTO YEAR-END PEAK TRAVEL SEASON. Source text for Eikon: Further company coverage: