|Bid||8.57 x 0|
|Ask||8.58 x 0|
|Day's range||8.52 - 8.63|
|52-week range||8.45 - 10.23|
|Beta (5Y monthly)||0.35|
|PE ratio (TTM)||14.12|
|Earnings date||14 May 2020|
|Forward dividend & yield||0.30 (3.50%)|
|Ex-dividend date||14 Nov 2019|
|1y target est||10.78|
Airlines in the Asia-Pacific region stand to lose $27.8 billion of revenue this year as they slash flights due to declining demand as a result of the coronavirus, according to a preliminary estimate from an industry body. The bulk of the losses will be borne by Chinese carriers, including a $12.8 billion hit to the Chinese domestic market alone, the International Air Transport Association (IATA) said in a forecast released in New York on Thursday. Chinese airlines have cut 80% of their planned capacity to, from and within China this week, according to flight data firm OAG, as they grapple with a sharp fall in demand due to the virus that has killed more than 2,100 people in China.
* Thai and Singapore stocks fall the most * Investors keeping a eye on Indonesia rate decision - analyst * Consumer staples drag Thai benchmark By Arundhati Dutta Feb 18 (Reuters) - Most Southeast Asian stock markets fell on Tuesday, as global sentiment soured after Apple became the latest company to flag lower revenue due to the coronavirus epidemic that has slowed economic activity in the region. Thai shares and Singapore stocks fell 0.7% and 0.6%, respectively, making the them the top losers in the region. Both Singapore and Thai economy have suffered following the outbreak, with Thailand expecting the number of foreign visitors to fall by 5 million this year, while Singapore lowered its 2020 growth target on Monday.
Singapore Airlines Ltd will temporarily cut flights across its global network in the three months to May, it said on Tuesday, as a coronavirus epidemic hits demand for services to the Asian city state, as well as through the key transit hub. "Singapore Airlines and SilkAir will temporarily reduce services across our network due to weak demand as a result of the Covid-19 outbreak," the carrier said. The cuts follow major reductions already announced in services to mainland China and Hong Kong.
Singapore Airlines Ltd faces "significant challenges" to its business from the coronavirus outbreak will be adjusting its network and tightly managing costs, it said on Friday, as it reported an 11% rise in third-quarter net profit. Looking forward, Singapore Airlines said it had "drastically" reduced flights on all mainland China routes and set up a high-level internal task force to monitor the virus situation and roll out measures to minimise the risk to staff and passengers.
MONTREAL/BEIJING/SINGAPORE Feb 13 (Reuters) - A drop in airline flights from China and Hong Kong due to the coronavirus is increasing demand for private jets as wealthy passengers try to get out, executives say, but travel bans and nervous crew have kept that from translating to more business. The SARS-CoV-2 coronavirus outbreak, which has killed more than 1,300 people in China, has led premium Asian airlines like Hong Kong's Cathay Pacific Airways Ltd and Singapore Airlines Ltd to drastically cuts their flight schedules.
CHICAGO/PARIS Jan 30 (Reuters) - Pilots and flight attendants are demanding airlines stop flights to China as health officials declare a global emergency over the rapidly spreading coronavirus, with American Airlines' pilots filing a lawsuit seeking an immediate halt. China has reported nearly 10,000 cases and 213 deaths, but the virus has spread to 18 countries often by plane passengers. The Allied Pilots Association (APA), which represents American Airlines pilots, cited "serious, and in many ways still unknown, health threats posed by the coronavirus" in a lawsuit filed in Texas, where the airline is based.
* Singapore shares logs worst session since Aug 2019 * Singapore Airlines closes at near 17-year low * Thai stocks end lower for seventh straight session By Arpit Nayak Jan 28 (Reuters) - Southeast Asian shares tumbled on Tuesday and Singapore stocks fell the most after the city-state said the coronavirus outbreak in China, its biggest trading partner, would bruise its economy this year. The massive jump in outbound Chinese tourists since 2002, the fact that the coronavirus is infectious during incubation and its unknown origins are the most worrisome factors, said Vishnu Varathan, senior economist at Mizuho Bank, in a note. Singapore stocks pared early losses to close about 1.8% lower, with lender DBS Group Holdings shedding more than 1.3% and conglomerate Jardine Matheson Holdings JARD.SI down about 1.9%.
Airlines and passengers are on guard against a new flu-like virus that originated in Wuhan, China. The biggest concern is a sharp drop in travel demand if the virus becomes a pandemic. During the height of the SARS outbreak in April 2003, passenger demand in Asia plunged 45%, according to the International Air Transport Association (IATA).