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+--- Thread: Singapore Airlines shares fall 6% as profit nearly halves (/Thread-Singapore-Airlines-shares-fall-6-as-profit-nearly-halves)
Singapore Airlines shares fall 6% as profit nearly halves - Scythian - 11-11-2024
"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-shares-fall-6percent-as-profit-nearly-halves-amid-intensifying-competition.html#:~:text=Singapore%20Airlines%20shares,a%203.57%25%20loss.
RE: Singapore Airlines shares fall 6% as profit nearly halves - Scythian - 11-11-2024
Temasek is the biggest shareowner
How?
RE: Singapore Airlines shares fall 6% as profit nearly halves - RiseofAsia - 11-11-2024
Crook company.
Good time 8 mths bonus, bad time never see them no bonus and AWS.
RE: Singapore Airlines shares fall 6% as profit nearly halves - Scythian - 11-11-2024
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.
RE: Singapore Airlines shares fall 6% as profit nearly halves - Scythian - 11-11-2024
(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 ($13.27bn) into Singapore Airlines (SIA) in the world’s single-biggest rescue of an airline slammed by the coronavirus pandemic."
RE: Singapore Airlines shares fall 6% as profit nearly halves - Scythian - 11-11-2024
"SIA will need government aid to survive impact of Covid-19, say analysts"
https://www.todayonline.com/singapore/covid-19-sia-will-need-government-aid-survive-covid-19-outbreak-say-analysts#:~:text=SIA%20will%20need%20government%20aid%20to%20survive%20impact%20of%20Covid%2D19%2C%20say%20analysts
RE: Singapore Airlines shares fall 6% as profit nearly halves - Scythian - 12-11-2024
.
Why both SIA and Scoot are fearful of AirAsia?
RE: Singapore Airlines shares fall 6% as profit nearly halves - Scythian - 12-11-2024
In 2020, Temasek rescued SIA by injecting S$ 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%?