Struggling Singapore Airlines offers crew unpaid leave

4 Aug 2017 - The Star Online
Singapore: Singapore Airlines said on Friday it is offering cabin crew unpaid leave in a cost-cutting measure as it struggles to keep up in an increasingly tough market. The city-state’s flag carrier has been battling strong competition from Asian low-cost carriers and Middle Eastern airlines, which ...
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SIA crew asked to take voluntary no-pay leave amid manpower surplus

4 Aug 2017 - Business Times Breaking News
Singapore Airlines (SIA) is asking its cabin crew to take no-pay leave to address a temporary manpower surplus.In a recent notice to crew, the airline said that the offer to take leave between September and Nov 17 is to allow the carrier to "better manage crew resources and operational requirements". ...
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SIA offers no-pay leave for cabin crew

4 Aug 2017 - Singapore Business Review
It currently faces manpower supply glut. Singapore Airlines is offering a voluntary no-pay leave to its cabin crew to address temporary manpower surplus. According to RHB News Bulletin, the recent notice to the crew offers employees to take leave between September and November this year to allow the ...
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SIA's war with Chinese carriers heats up

2 Aug 2017 - Singapore Business Review
The group's rivals are expanding their capacity aggressively. There are no clear skies ahead for Singapore Airlines as its rivalry with Chinese carriers is expected to intensify. According to OCBC Investment Research analyst Eugene Chua, the Chinese carriers are expanding capacity aggressively on the ...
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SIA's parent airline core profit up 64% to $56m

1 Aug 2017 - Singapore Business Review
Thanks to a 4.2pt improvement in load factor. Singapore Airline's parent airline surprised in the past quarter with an improvement in core operating profit, which reached $56m. According to UOB Kay Hian analyst K Ajith, this 64% improvement in core operating profit is due to the robust growth in load ...
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Higher costs badger SIA's supposed gains

31 Jul 2017 - Singapore Business Review
Its cost per available seat km rose 3.8% YoY. Singapore Airlines was dragged down by higher unit costs or cost per available seat km (CASK) in the past quarter, leading to a decline in its bottom line. According to CIMB analyst Raymond Yap, the reported net profit for the past quarter fell to $235m from ...
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SIA profit dips 8.38% to $235.1m

28 Jul 2017 - Singapore Business Review
The airline struggled with increasing operating costs. Singapore Airlines Group (SIA) did not have a smooth ride for the quarter after its profits dropped 8.38% YoY to $235.1m. According to a media release, the company failed to gain from SIA Engineering's sale of its 10% stake in Hong Kong Aero Engine ...
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Singapore Airlines Q1 profit rises 45.6 pct on higher revenue

27 Jul 2017 - The Star Online
SINGAPORE: Singapore Airlines Ltd on Thursday reported a 45.6 percent rise in first-quarter operating profit, with revenue rising as it filled a higher proportion of seats. The carrier, which is seen as a barometer of the Asian airline industry, made S$281 million ($207 million) in the three months ended ...
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SIA reports lower net profit for Q1, but operating profit rises

27 Jul 2017 - Business Times Breaking News
SINGAPORE Airlines (SIA) reported a net profit of S$235.1 million for the first quarter ended June 30, 2017, down about 8.4 per cent from a year ago.The drop in net profit was due to the absence of last year's gain on SIA Engineering's divestment of its 10 per cent stake in Hong Kong Aero Engine Services ...
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SIA: First Quarter Operating Profit Rises To S$281 Million.

27 Jul 2017 - ShareInvestor Express
Revenue improvement seen for all SIA Group airlines, but pressure on yields remains. Earnings supported by one-off items. Costs rose mainly on expanded operations. Integration of low-cost subsidiaries under Scoot brand completed, airline portfolio well positioned for growth. Group network to grow, including ...
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