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2021-11-11

What a stellar improvement by pivoting with their records cargo contributions!

Singapore Airlines' Q2 loss narrows on cost cuts, air travel pick-up

Nov 11 (Reuters) - Singapore Airlines Ltd (SIA) said on Thursday market conditions were improving af

Singapore Airlines' Q2 loss narrows on cost cuts, air travel pick-up

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Airlines' Q2 loss narrows on cost cuts, air travel pick-up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 19:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/singapore-air-results/update-1-singapore-airlines-q2-loss-narrows-on-cost-cuts-air-travel-pick-up-idUSL1N2S20OY><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nov 11 (Reuters) - Singapore Airlines Ltd (SIA) said on Thursday market conditions were improving after it reported a narrower second-quarter loss due to cost-cutting efforts, record cargo revenue and...</p>\n\n<a href=\"https://www.reuters.com/article/singapore-air-results/update-1-singapore-airlines-q2-loss-narrows-on-cost-cuts-air-travel-pick-up-idUSL1N2S20OY\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C6L.SI":"新加坡航空公司"},"source_url":"https://www.reuters.com/article/singapore-air-results/update-1-singapore-airlines-q2-loss-narrows-on-cost-cuts-air-travel-pick-up-idUSL1N2S20OY","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156547758","content_text":"Nov 11 (Reuters) - Singapore Airlines Ltd (SIA) said on Thursday market conditions were improving after it reported a narrower second-quarter loss due to cost-cutting efforts, record cargo revenue and an improvement in passenger numbers from a low base.\nThe net loss of S$427.6 million ($315.6 million) for the three months to Sept. 30 was down from a record S$2.34 billion loss a year earlier, when COVID restrictions hammered air travel and the airline took large impairment charges on older planes.\nIt posted a net profit of S$94.5 million in the September quarter of 2019.\nRevenue doubled in the second quarter to S$1.53 billion due to strong cargo demand and a four-fold rise in passenger numbers from a very low base.\nThe airline said monthly operating cashflows were near breakeven levels and it expected passenger capacity to reach 43% of pre-pandemic levels by December, serving half of its previous destinations.\nIn September, passenger capacity reached around 32% of pre-pandemic levels, though on average it filled only 20% of the seats on its planes.\nSingapore has recently opened vaccinated travel lanes without quarantine with more than a dozen countries including Britain, the United States, Germany, Australia and South Korea.\nNeighbouring Malaysia will be added to the list from Nov. 29, allowing for more flights between Singapore and Kuala Lumpur, one of the world’s busiest international routes before the pandemic.\nThe airline will restart Singapore-London flights on its flagship Airbus SE A380 super-jumbos on Nov. 18 and will fly them to Sydney from Dec. 1.\nSIA, like Hong Kong-based rival Cathay Pacific Airways Ltd , has no domestic market and has been hard-hit by border closures.\nSingapore has capped daily arrivals for the vaccinated travel lanes, meaning the allowable traffic is in the single-digit percentages of pre-pandemic passenger numbers.\nBut it is an encouraging sign for travel in the Asia-Pacific region, which had had some of the world’s toughest border controls during the pandemic.\nSIA’s management team will hold a results briefing for analysts and media on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":575,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":68,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}