Scoot

Results

SIA posts 20.7% fall in 1Q earnings to $111 mil on higher losses from Virgin Australia

SINGAPORE (July 31): SIA Group reported earnings of $111.1 million for 1Q19/20 ended June, 20.7% lower than a year ago.

Results

SIA posts 28% fall in 4Q earnings to $203 mil on weaker operating performance, SilkAir’s restructuring

SINGAPORE (May 16): SIA Group reported full-year earnings of $683 million, down 47.5% from $1.3 billion a year ago, primarily due to the lower operating profit and higher non-operating costs.

Broker's Calls

Weak PLF at SIA Cargo and Scoot likely to dampen Singapore Air's 3Q results

SINGAPORE (Jan 17): UOB is maintaining its “hold” recommendation on Singapore Airlines (SIA) with a lower target price of $10.20, from $10.40 previously. The research house’s suggested entry level is $9.00.

Aviation & Engineering

SIA group passenger load factor up 0.3ppt to 85% in Dec 2018

SINGAPORE (Jan 15): The overall passenger load factor (PLF) of airlines under Singapore Airlines (SIA) group concluded at 85% in December 2018 – up 0.3 percentage points (ppt) from 84.7% a year ago as well as outpacing capacity injection of 6.8% in term

Scoot commences sale of Singapore-Laos flights

SINGAPORE (Jan 10): Scoot, the low-cost arm of the Singapore Airlines Group, today announced the launch of sales for its direct Singapore-Laos flights with a limited period promotion.

Broker's Calls

SIA Engineering raised to 'buy' by UOB on growing line maintenance business, troublesome Trent engine

SINGAPORE (Jan 7): UOB KayHian is upgrading SIA Engineering (SIAEC) to “buy” with a target price of $2.70, saying the stock should outperform this year after seeing an excessive 28% slump last year.

Aviation & Engineering

Singapore Airlines announces plans to shuffle routes ahead of SilkAir merger

SINGAPORE (Nov 22): Singapore Airlines (SIA) says its low-cost carrier, Scoot, will be taking over a number of SilkAir’s routes over the next two years – as well as transferring some of its services to existing destinations served by SIA and SilkAir,

Aviation & Engineering

Chapati Party, Scoot’s first Airbus A320neo, arrives at Changi

SINGAPORE (Oct 8): Scoot, the low-cost arm of Singapore Airlines Group, has taken delivery of its first Airbus A320neo aircraft from Toulouse, France, of 39 orders placed with Airbus in 2014.

Broker's Calls

Uncertainty looms over Singapore Airlines with mixed operating stats, US-China trade spat: OCBC

SINGAPORE (June 22): OCBC Investment Research is maintaining “hold” on Singapore Airlines (SIA) with unchanged forecasts and a fair value of $11.30, in light of fluid macro conditions and the group’s recent mixed bag of operating statistics.

SIA group passenger load factor improves 2.6 ppt to 79.6% for May from year ago

SINGAPORE (June 18): The overall passenger load factor (PLF) of airlines in Singapore Airlines group improved 2.6 percentage points to 79.6% for the month of May compared to a year ago.
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