Singapore Airlines shares fall 6% as profit nearly halves amid intensifying competition [MSNBC.com]
SINGAPORE AIRLNS UNSP/ADR (SINGY)
NASDAQ:AMEX Investor Relations:
singaporeair.com/en_uk/sg/about-us/information-for-investors
Company Research
Source: MSNBC.com
Key PointsAn Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024.Nurphoto | Nurphoto | Getty ImagesAs markets opened on Monday, the stock fell 6.2%, before later recovering to trade lower at a 3.72% loss.Stock Chart IconStock chart iconOperating profit for the airline fell 48.8% to SG$796 million, down from SG$1.55 billion a year ago, while revenue increased 3.7% to SG$9.5 billion.Despite the reduction in profit, the airline maintained an interim dividend of 10 Singapore cents a share.Singapore Airlines said in a release that the fall in operating profit was due to "increased capacity and stronger competition in key markets," which led to a fall in yields and ultimately, profit.While the demand for air travel is expected to be robust in the second half of the financial year, "the operating landscape will continue to be competitive," SIA added.Last Monday, SIA announceda $1.1 billion SGD cabin r
Show less
Read more
Impact Snapshot
Event Time:
SINGY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SINGY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SINGY alerts
High impacting SINGAPORE AIRLNS UNSP/ADR news events
Weekly update
A roundup of the hottest topics
SINGY
News
- Airlines Add Perks, Meals And Chance To Win 500,000 Miles This Fall [Forbes]Forbes
- You Can Now Get One Of The Best Champagnes 30,000 Feet In The Air [Forbes]Forbes
- The world's longest-range, single-aisle plane is poised to shake up transatlantic travel [CNN]CNN
- The world's longest-range, single-aisle plane is poised to shake up transatlantic travel [CNN]CNN
- Asia's airlines blame supply chain woes for disrupted operations [Yahoo! Finance Canada]Yahoo! Finance Canada