SIA's cargo arm ready to make S$111.8m financial provision

22 Mar 2017 - Singapore Business Review
In case the airline does not appeal the European Commission’s fine. Singapore Airlines (SIA) on Monday announced that its cargo arm may make a financial provision of S$111.8m for FY17 as a result of a EUR74.8m (S$113m) fine imposed by the European Commission (EC), according to OCBC. After having this ...
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Singapore Airlines' passenger load factor up 2ppt in Jan-Feb 2017

21 Mar 2017 - Singapore Business Review
Every 1ppt improvement leads to about $30m in operating profit. According to UOB Kay Hian, SIA’s pax load factor rose 2ppt year-on-year (yoy) in Jan-Feb 17 whilst cargo loads also improved. “This holds scope for a strong 4QFY17 and potential upward earnings revision, especially if the improvement in ...
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SIA Cargo may make provision in current financial year due to fine

20 Mar 2017 - Business Times Breaking News
SINGAPORE Airlines (SIA) Cargo may make a financial provision of about S$111.8 million in its financial statements for the current financial year owing to a 74.8 million euro fine imposed by the European Commission. This comes after the Commission last week re-adopted a decision in a European Union air ...
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SIA Cargo: EC Decision In Air Cargo Competition Law Case.

20 Mar 2017 - ShareInvestor Express
Arising from the €74.8 million administrative fine imposed by the European Commission, a financial provision of approximately SGD 111.8 million may be made in the financial statements of Singapore Airlines Cargo for the current financial year...
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SIA's load factor up 3.2 percentage points in February

15 Mar 2017 - Business Times Breaking News
SINGAPORE Airlines' passenger load factor (PLF) improved 3.2 percentage points to 80.6 per cent in February as passenger carriage edged up 1.3 per cent year on year against a 2.8 per cent cut in capacity.Passengers carried for the month inched up 0.7 per cent to 1.47 million."Boosted by promotional activities, ...
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SIA: February 2017 Operating Results.

15 Mar 2017 - ShareInvestor Express
In February 2017, SIA Group airlines' passenger carriage increased by 4.1% compared to last year, outpacing growth in capacity of 0.9%. Passenger load factor rose 2.4 percentage points to 80.7%. Cargo traffic declined 2.1% year-on-year. Cargo capacity contracted by 5.9% mainly due to reduction in freighter ...
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SIA, SilkAir to codeshare with Vistara

14 Mar 2017 - Business Times Breaking News
SINGAPORE Airlines (SIA) and subsidiary SilkAir have signed an agreement to codeshare on Indian domestic flights operated by Vistara.New Delhi-based Vistara is a joint venture between SIA and India's Tata.Under the agreement, SIA will add its SQ designator code to Vistara-operated flights beyond Mumbai ...
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Why SIA stands to benefit from the diversion of Chinese traffic from South Korea

10 Mar 2017 - Singapore Business Review
It could give local tourism a boost. Singapore Airlines is a potential beneficiary of a diversion of Chinese traffic from South Korea, according to a report from UOB KayHian. Citing a report from Bloomberg, the UOBKayHian report said China has asked tour agencies to limit travel to South Korea, in an ...
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SIA introducing changes to KrisFlyer redemptions

1 Mar 2017 - Business Times Breaking News
SINGAPORE Airlines (SIA) is making changes related to redemption bookings for its KrisFlyer frequent-flyer programme. From March 23, fuel and insurance surcharges will no longer apply to KrisFlyer redemptions. Codeshare flights by other airlines may still include surcharges.
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Tourism Authority of Thailand, SIA ink MOU to boost arrivals to Land of Smiles

27 Feb 2017 - Business Times Breaking News
THE Tourism Authority of Thailand (TAT) and Singapore Airlines (SIA) have inked a memorandum of understanding (MOU) to promote travel to Thailand from key markets. These markets include Australia, New Zealand, Singapore and South Africa.
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