Company Watch - Singapore Airlines.For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Aug 7, 2006 Singapore Airlines doubles first-quarter profit on record revenues, traffic. A one-time gain from the sale of property in Singapore and record traffic helped lift Singapore Airlines Group to a S$575.1 million ($364.3 million) profit in the first fiscal quarter ended June 30, more than double the S$234.6 million earned in the year-ago period. "Demand for air travel got off to a good start in the first quarter, with passenger load factors for all route regions showing gains over the same months last year," the airline said. "The outlook for air travel remains broadly positive for the rest of the financial year, supported by favorable economic conditions, particularly in the Asia/Pacific region and Europe...Fuel costs, however, continue to weigh on the Group's financial performance." Aug 2, 2006 Singapore Airlines' first fiscal quarter ended June 30, operating revenues increased 12.4% to a first-quarter record S$3.42 billion as expenses rose 12.8% to S$3.15 billion, driven by surging fuel costs. Excluding fuel, costs were up 1.3%. Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. climbed 8.2% to S$274 million. Turnover was boosted by a $223 million gain from the June sale of the 35-story SIA Sia (sī`ə) or Siaha (sī`əhə), in the Bible, family returned from the Exile. SIA - Serial Interface Adaptor Building to TSO (Time Sharing Option) Software that provides interactive communications for IBM's MVS operating system. It allows a user or programmer to launch an application from a terminal and interactively work with it. The TSO counterpart in VM is called CMS. Investment, a subsidiary of a fund managed by CLSA CLSA Canon Law Society of America CLSA California Land Surveyors Association CLSA Contact Lens Society of America CLSA Credit Lyonnaise Securities CLSA Canadian Laboratory Suppliers Association CLSA Cornell Law Student Association Capital Partners, for S$343.9 million. The property was not considered a "core asset" and did not house SIA offices. Aug 2, 2006 Singapore Airlines flew 21.19 billion RPKs during its first fiscal quarter ended June 30,, a 9.4% increase over the year-ago period. Capacity rose 3.3% to 28.04 billion ASKs on the same 90 aircraft operated by SIA in the 2005 period. Load factor climbed 4.3 points to 75.6%. Yield was up 2.9% to S$10.6 cents and unit costs increased 7.1% to S$7.5 cents but dropped 7% excluding fuel. Aug 2, 2006 Singapore Airlines group's constituent company operating performance was as follows: The airline earned an operating profit of S$190 million, up 58.8%; SIA Cargo incurred an operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. of S$5 million; Singapore Airport Terminal Services earned S$48 million, down 9.5%; SIA Engineering Co. earned $33.1 million, up 0.3%. The latter recently signed an MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. with India's Wadia Group to form an MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. joint venture in India. SIA Engineering will hold a 51% stake in the JV, which initially will offer line maintenance at eight airports. Aug 2, 2006 |
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