dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Lah!

Singapore Airlines Reports Higher First Half Net Profit Of $206 Million

  • November 6, 2019
Total
0
Shares
0
0
0

The SIA Group achieved a net profit of $206 million in the first half of the financial year, $10 million (+5.1%) higher than last year.

Revenue rose $418 million, primarily from strong growth in passenger flown revenue, partially offset by a reduction in cargo flown revenue. Strong passenger traffic growth continues to support operating performance while cargo demand remains weak amid trade uncertainties.

The Group recorded a reduction in share of losses from associated companies (+$36 million), mostly from Virgin Australia, and a higher share of profits from joint venture companies (+$19 million). Passenger flown revenue for the Group was also up $514 million (+8.2%), lifted by 7.6% growth in traffic.

Route Development

During the quarter, the Parent Airline Company began operations of its inaugural Seattle services on 3 September 2019, its fourth non-stop service to the US, following the successful launch of Newark flights a year ago. In addition, Busan services launched by SilkAir in May, were taken over by SIA from 28 October 2019, boosting seat capacity to cater to growing demand. Seasonal services to Sapporo will also be operated from 30 November 2019 to 6 January 2020. As at 30 September 2019, SIA served 65 destinations, including Singapore.

Following the commencement of Fuzhou and Kota Bharu services in July 2019, Scoot added two new destinations in India, Coimbatore and Visakhapatnam, to its network from 27 October 2019.

Overall, the portfolio of airlines in the Group served 137 passenger destinations in 37 countries and territories, including Singapore, as at 30 September 2019.

SIA’s cargo operations will continue to pursue charter opportunities and deploy capacity to match demand. The freighter network covers 19 cities, including Singapore.

Outlook

Passenger bookings in the coming months are expected to be stronger year-on-year, with yields supported by premium cabin traffic. However, headwinds persist in the form of intensifying competition in key operating markets, as well as an uncertain global economic outlook. Cargo demand is likely to remain weaker year-on-year, despite the seasonal peak, amid ongoing trade tensions and a manufacturing slowdown in key export economies.

As it enters the final lap of its three-year Transformation programme, the SIA Group remains committed to enhancing customer experience, improving operational efficiency and boosting revenue by strengthening digital capabilities. The recent expansion of the KrisConnect programme is one significant milestone. Utilising technology enablers such as NDC (New Distribution Capability), and APIs (Application Program Interface), KrisConnect facilitates integration and exchange of content between the Group and its partners, enabling customers to access personalised offerings across more distribution channels in addition to traditional owned channels.

KrisShop, the airline’s flagship travel retailer, has been restructured to become a premium omni-channel e-commerce retailer. It will continue to expand its range of products and services through its themed concept stores and official brand stores on the new website. Optimised by advanced technological and logistics capabilities, KrisShop has introduced multiple consumer-centric initiatives for convenient payment, pre-order and delivery services. Additionally, the new SIA mobile app, designed for faster performance and improved usability to give customers a seamless and more personalised experience, was launched in August 2019. These initiatives are testament to the Group’s aggressive digital transformation efforts.

 

Source: SIA Press Release

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • Aviation
  • SIA
  • Singapore Airlines
majulah

Previous Article
  • Cities

What Is ‘Ecological Economics’ And Why Do We Need To Talk About It?

  • November 5, 2019
View Post
Next Article
  • Cities

Traffic Congestion Reconsidered

  • November 7, 2019
View Post
You May Also Like
View Post
  • Lah!

Tariffs, Trump, and Other Things That Start With T – They’re Not The Problem, It’s How We Use Them

  • John Francis
  • March 25, 2025
View Post
  • Lah!

Canonical announces 12 year Kubernetes LTS

  • John Francis
  • March 4, 2025
dotlah-smartnation-singapore-lawrence-wong
View Post
  • Artificial Intelligence
  • Featured
  • Features
  • Lah!
  • Machine Learning
  • Technology

Growth, community and trust the ‘building blocks’ as Singapore refreshes Smart Nation strategies: PM Wong

  • Dean Marc
  • October 9, 2024
dotlah-singapore-ndp-2024
View Post
  • Lah!

Here’s what to expect for NDP 2024!

  • dotlah.com
  • August 9, 2024
dotlah-singapore-airlines_may_21-1716298816
View Post
  • Lah!

Severe turbulence during Singapore Airlines flight leaves several people badly injured. One man died

  • majulah
  • May 22, 2024
dotlah-pm-lee-lawrence-wong-9656d4cd-1fa4-40ed-905d-e19e639b8476_728802dd
View Post
  • Lah!
  • People
  • Politics

End of Lee Era for Singapore as PM Steps Down

  • dotlah.com
  • May 16, 2024
DPM Lawrence Wong will be Singapore's fourth prime minister on May 15. ST PHOTO: LIM YAOHUI
View Post
  • Lah!
  • People
  • Politics

7 things to know about Singapore’s next prime minister Lawrence Wong

  • dotlah.com
  • May 15, 2024
When asked about his leadership style, DPM Lawrence Wong said he will be open and consultative, but he will not shirk from doing what is necessary for Singapore's future. ST PHOTO: LIM YAOHUI
View Post
  • Features
  • Lah!
  • People
  • Politics

‘We are prepared to relook everything’: Lawrence Wong on a changing society and his hopes for S’pore

  • dotlah.com
  • May 15, 2024


Trending
  • Earth 1
    • People
    Why Standards And Controls Are Essential To The Future Of Digital Financial Markets
    • January 31, 2024
  • 2
    • Environment
    • People
    • World Events
    The Deadliest Pandemics In Human History
    • January 29, 2020
  • 3
    • Lah!
    New Batches Of Recycle N Save Smart Reverse Vending Machines Dispense A Wider Range Of Non-Monetary Rewards Or No Rewards, To Encourage Recycling For Intrinsic Environmental Sustainability Reasons
    • July 1, 2020
  • 4
    • Features
    • People
    Staying Healthy In The Age Of Tech
    • September 14, 2020
  • 5
    • Lah!
    • Technology
    Why Biomanufacturing 4.0 Is A Game-Changer
    • November 3, 2021
  • 6
    • Cities
    • People
    • World Events
    The Simple Reason Why We Are Seeing More New Infectious Diseases Today
    • February 3, 2020
  • AI control humans 7
    • Artificial Intelligence
    • Featured
    • People
    • Technology
    Does AI Really Want To Control Humans?
    • July 3, 2023
  • 8
    • Lah!
    • Technology
    New Biomarkers Identified To Detect Consumption Of Emerging Illicit Drug
    • August 31, 2021
  • 9
    • Cities
    Aeroflot To Launch Inaugural Moscow-Singapore Service
    • February 10, 2020
  • 10
    • Cities
    • Technology
    In 2026, Hackers Taking Over Self-Driving Cars Can Gridlock Cities
    • January 17, 2020
  • 11
    • Lah!
    • Technology
    Connecting Our Content Creators To Global Media Players And Audiences Singapore Media Festival 2021: Connecting Our Content Creators To Global Media Players And Audiences
    • October 27, 2021
  • 12
    • Lah!
    • Society
    NTUC Income Extends COVID-19 Protection To Over 550,000 Individuals In Response To Evolving Outbreak Situation
    • March 18, 2020
Trending
  • 1
    Meralco PowerGen’s PacificLight starts up 100 MW fast-response plant in Singapore
    • June 20, 2025
  • 2
    A Father’s Day Gift for Every Pop and Papa
    • June 14, 2025
  • 3
    Apple services deliver powerful features and intelligent updates to users this autumn
    • June 12, 2025
  • 4
    Apple supercharges its tools and technologies for developers to foster creativity, innovation, and design
    • June 11, 2025
  • 5
    It’s time to stop debating whether AI is genuinely intelligent and focus on making it work for society
    • June 8, 2025
  • 6
    PBBM asks Singapore to invest more in PH renewable energy projects
    • June 6, 2025
  • 7
    Singapore PM Wong arrives in Malacañang
    • June 4, 2025
  • 8
    Renewable energy, carbon credits are priority areas of cooperation for Singapore, Philippines: Lawrence Wong
    • June 4, 2025
  • 9
    Singapore businesses eye more investments in PH, says PM Wong
    • June 4, 2025
  • 10
    The Summer Adventures : Hiking and Nature Walks Essentials
    • June 3, 2025
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.