|Bid||9.17 x 0|
|Ask||9.17 x 0|
|Day's range||9.13 - 9.21|
|52-week range||9.01 - 11.34|
|Beta (3Y monthly)||0.45|
|PE ratio (TTM)||15.98|
|Earnings date||24 Jul 2019 - 29 Jul 2019|
|Forward dividend & yield||0.30 (3.29%)|
|1y target est||10.78|
Former partners and rivals of Jet Airways Ltd are launching replacement routes and looking for new codeshare partners as they scramble to fill a lucrative gap left by the collapse of the India's once-largest international airline. Jet, which halted operations on April 17 after running out of cash, had a market share of around 12 percent on international flights to and from India in 2018, according to government statistics, outstripping even national carrier Air India. In Jet's absence, cash-strapped Air India is the only Indian carrier that operates widebody jets capable of non-stop flights to Europe and the United States, although the Vistara joint venture owned by Tata Sons and Singapore Airlines Ltd has 6 Boeing Co 787s on order due for delivery from next year.
Singapore Airlines Ltd (SGX: C6L) has been a beacon of strength in the airline industry even as many other players have floundered. But investors should take heed of two major risks for the airline.
Singapore Airlines Ltd (SGX: C6L), Singapore Press Holdings Limited (SGX: T39), and Sembcorp Industries Limited (SGX: U96) are trading near their respective 52-week lows.
Indian carrier Vistara, a joint venture between India's Tata Group and Singapore Airlines , said on Friday it has leased six additional aircraft from BOC Aviation to drive its expansion in the domestic market. Vistara said it plans to lease four Boeing Co 737-800 aircraft which will be delivered in May and two Airbus A320neo planes that are scheduled for delivery later this year. "These leased aircraft will be deployed to meet the sudden drop in capacity in the market," said Vistara CEO Leslie Thng.
Singapore Airlines said Thursday its net profit for the last financial year nearly halved as fuel costs surged, but reported its highest ever full-year revenues. Revenue for the financial year ended March totalled Sg$16.3 billion ($12 billion), but annual net profit tumbled 47.5 percent to Sg$683 million, the airline said in a filing with the Singapore Exchange. Fuel expenditure climbed 17.6 percent, or Sg$688 million, as jet fuel prices rose by an average 21.6 percent during the year, the airline said.
So, now we know. US importers that bring Chinese-made goods into America must pay a tariff of 25% on some US$200 billion worth of items, rather than just 10%. China is unlikely to take this lying down. It has threatened to retaliate. We wait with bated breath. Staying in America, retail sales for April could provide […]
BHUBANESHWAR, India/NEW DELHI, May 2 (Reuters) - India has accelerated efforts to evacuate more than a million people along its northeast coastline as a cyclone intensifies ahead of landfall on Friday, with thousand of villagers piling household possessions on to trucks before fleeing their homes. "We are maximizing efforts at all levels for evacuation," Odisha's Special Relief Commissioner Bishnupada Sethi told Reuters. Fani was generating maximum sustained winds of 170-180 km (105-111 miles) per hour, the state-run India Meteorological Department (IMD) said.
Qantas Airways Ltd, which hopes to buy planes this year for record-breaking 21-hour flights between Sydney and London has two hurdles left to overcome: getting pilots and Australia's aviation regulator to agree to unprecedented duty times. Airbus SE and Boeing Co say their aircraft are ready, with only details like seat configuration left to hammer out, Qantas chief executive Alan Joyce said. "We don't have the ability to do that length of duty today so you do need to negotiate that and get the regulator comfortable with it," Joyce told Reuters in a phone interview.
SINGAPORE (April 30): Singapore Airlines (SIA) and SATS Ltd have agreed to renew a suite of aviation services contracts for the next five years as part of their bid to strengthen Singapore’s overall competitiveness as a hub. For the next five years starting from April 1, SIA and SilkAir contracts will have a five-year tenure with the option to extend for another five years. It encompasses inflight catering and cabin handling, passenger and ramp handling, cargo handling, aircraft interior cleaning, aviation security and laundry services.
Boeing Co said an alert for angle-of-attack (AOA) sensors on its 737 MAX jets was "not activated as intended" for some customers, responding to reports it failed to tell Southwest Airlines Co and the U.S regulator that the optional feature was deactivated before a crash in Indonesia in October. Erroneous AOA sensor readings that led to aggressive nose-down inputs by a computer have been linked to deadly 737 MAX crashes in Indonesia and Ethiopia, according to preliminary reports from investigators.
SINGAPORE, Apr 17, 2019 - (Media OutReach) - Singapore Airlines has partnered with Adyen, the payments platform of choice for many of the world's leading companies, to ensure a frictionless payments experience for customers when they book online or in-app. Working with Adyen, Singapore Airlines has enjoyed an increase in authorization rates, flexibility on fraud risk management and richer data insights, resulting in a more seamless payment experience for its customers across the globe. In line with Singapore Airlines' vision to be the world's leading digital airline, the partnership will center on Adyen's solutions to optimize the payments process.