SG Talk

"Singapore Airlines shares fall 6% as profit nearly halves amid intensifying competition
PUBLISHED SUN, NOV 10 2024

Shares of Singapore Airlines dropped after the city-state's flag carrier reported a fall of almost 50% in net profit for the April to September period, citing lower yields and growing competition.
As markets opened on Monday, the stock fell 6.2%, before later recovering to trade lower at a 3.57% loss."
https://www.cnbc.com/2024/11/11/sia-shar...%25%20loss.

Temasek is the biggest shareowner 

How?

Crook company.
Good time 8 mths bonus, bad time never see them no bonus and AWS.

SIA "profit nearly halves amid intensifying competition"

Singapore has the world's No. 1 most powerfull passport to 190 countries while SIA only flies to 120 destinations (not countries)

SIA kitchen only cook 52,000 meals a day compare to Qatar airways 200,000 meals.

In fact, SIA should be cooking up at least 250,000 a day.

(11-11-2024, 08:05 PM)RiseofAsia Wrote: [ -> ]Crook company.
Good time 8 mths bonus, bad time never see them no bonus and AWS.

"Singapore Airlines gets $19bn lifeline as airlines beg for help"

"Singapore’s state investor Temasek Holdings and others will inject as much as 19 billion Singapore dollars ($13.27bn) into Singapore Airlines (SIA) in the world’s single-biggest rescue of an airline slammed by the coronavirus pandemic."

"SIA will need government aid to survive impact of Covid-19, say analysts"
https://www.todayonline.com/singapore/co...20analysts

.
Why both SIA and Scoot are fearful of AirAsia?

In 2020, Temasek rescued SIA by injecting S$ 19 billions helping SIA from dying.

And three years later,  in 2023, SIA announced 8 months bonus for employees and CEOs salary jumped of 20.6% to S$8.1 mio.

How can SIA profits suddenly dropped from April to Sept 2024 by 59%?