Scoot

SINGAPORE (Aug 2): OCBC is downgrading its “buy” call on Singapore Airlines (SIA) to “hold” with a lower fair value of $11.56 from $12 previously, anticipating a challenging outlook on weakening yields for Singapore’s flag carrier.

SINGAPORE (July 28): Singapore Airlines has reported a 180% surge in earnings, to $257 million, for the quarter ended June 30. This was largely due to cheaper fuel, and a share of the divestment gain from its aircraft maintenance, repair and overhaul subs

SINGAPORE (May 24): Scoot, the low-cost, medium-haul arm of SIA Group, has launched services from Singapore to Amritsar and Chennai.

SINGAPORE (May 20): According to CAPA – Centre for Aviation, the recent creation of Budget Aviation Holdings has brought Singapore Airlines (SIA) one step closer to merging LCCs Scoot and Tigerair, paving the way for a smooth integration.

SINGAPORE (May 18): Maybank Kim Eng has kept its “hold” recommendation on Singapore Airlines, but lowered its fair value estimate to $11.50 from $11.80 previously as FY16 fell below expectations.

SINGAPORE (May 18): Singapore Airlines, seeking to restructure its budget airline business, established a new holding company to manage its two low-fare carriers amid speculation of a consolidation in the region.

SYDNEY (May 16): The creation of the world’s biggest alliance of low-cost airlines may signal that some of Asia’s struggling budget carriers are headed for the altar.

SINGAPORE (May 13): Singapore Airlines Ltd is fighting to prevent travelers from switching to Emirates Airline, which is offering luxuries like on-board shower, while budget carriers are chipping away at the coach class. The result: The lowest yield from