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Old January 19th, 2011, 02:38 PM   #221
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Old January 21st, 2011, 01:43 PM   #222
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Source:http://www.channelnewsasia.com/stori...106126/1/.html
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Singapore Airlines to raise fuel surcharge
By Jonathan Peeris | Posted: 21 January 2011 1824 hrs

SINGAPORE: Singapore Airlines (SIA) said it will increase its fuel surcharge for tickets issued on or after January 27.

SIA said the hike is a result of the recent sharp and sustained rise in the price of jet fuel which is now above 110 US dollar per barrel.

The increase will range between three and 27 US dollars per sector depending on the distance and class of travel and includes flights on its unit, SilkAir.

As an example, Economy class passengers travelling between Singapore and Southeast Asian destinations will now have to add 28 US dollars to their ticket price.

If the same travellers are heading to Europe or South Africa, the surcharge is 128 US dollars, while travellers to the US will have to fork out 215 US dollars.

SIA said the application of fuel surcharges may be subject to regulatory approval or variation in some individual markets.

The carrier added that the adjustments will offer only partial relief from the higher operating costs arising from increases in the price of jet fuel.

SIA said it will continue to closely monitor the price of fuel and keep surcharges under constant review.

- CNA/fa
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Old January 21st, 2011, 03:18 PM   #223
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Old January 23rd, 2011, 09:22 AM   #224
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Old January 25th, 2011, 02:18 PM   #225
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Old January 26th, 2011, 12:50 PM   #226
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Source:http://www.channelnewsasia.com/stori...106845/1/.html

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SIA Engineering reports 21.8% rise in net profit
By Stella Lee | Posted: 25 January 2011 2024 hrs

SINGAPORE : SIA Engineering Company on Tuesday said its net profit rose 21.8 per cent to S$197.6 million for the nine months ended December 31, in tandem with the recovery in the aviation industry.

Revenue over the period rose 13.8 per cent to S$834.9 million, primarily contributed by maintenance, repair and overhaul work, as well as its fleet management programme.

Contributions from its associated and joint venture companies rose by 9.5 per cent to S$110.9 million.

Going forward, the company expects that demand for maintenance, repair and overhaul services will "remain firm".

The group added that its network of joint ventures has placed SIA Engineering "in a good position to capitalise on opportunities".

- CNA/ms
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Old January 26th, 2011, 05:54 PM   #227
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Old January 26th, 2011, 06:07 PM   #228
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Old January 27th, 2011, 01:34 PM   #229
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Old January 27th, 2011, 01:49 PM   #230
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Source:http://theedgesingapore.com/the-dail...kely-fell.html

Quote:
Singapore Airlines 3Q net profit likely fell
Written by Dow Jones & Co, Inc
Thursday, 27 January 2011 17:05


Singapore Airlines (C6L.SG) is likely to report 3Q net profit of $371 million from $403.7 million a year earlier as the carrier is likely to provide for a fine for price fixing on air cargo shipments, according to a Dow Jones Newswires poll of five analysts.

Revenue likely rose to $3.84 billion from $3.42 billion, the poll forecasts. Singapore Airlines said on Dec. 1 that its cargo unit had set aside $61.92 million in the current financial year as provision for an antitrust fine that it has agreed to pay the U.S. Department of Justice.

Challenges remain for the airline, analysts say. “As low-cost operators start to expand their networks into longer-haul destinations, we believe strong demand growth is unlikely. However, SIA is usually able to manage its costs better than its peers,”

Royal Bank of Scotland says in a note to clients. 3Q earnings are due after market close on Friday.
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Old January 27th, 2011, 03:30 PM   #231
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Source:http://www.channelnewsasia.com/stori...107298/1/.html
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SIA flights to Bali cancelled or delayed due to volcanic ash
By Jason Tan | Posted: 27 January 2011 1911 hrs

SINGAPORE : Several Singapore Airlines (SIA) flights to and from Bali have been cancelled and delayed because of volcanic ash from Mount Bromo in East Java.

Two Singapore Airlines flights were cancelled.

SQ 946 was scheduled to depart today at 4.30pm local time.

SQ 947 which was to leave Denpasar for Singapore at 8.05pm local time was also cancelled.

Meanwhile, two other flights were delayed.

SQ 948, scheduled to depart Singapore at 6.50pm on Thursday, is now scheduled to depart at 10.30am on Friday, January 28 instead.

SQ 941 was scheduled to depart Denpasar at 9.15am on Friday, but will now depart the same day at 2.10 pm.

SQ 948 will be a larger aircraft to accommodate customers whose flights are cancelled.

SIA said it will try to contact affected customers to arrange alternative flights.

Customers are also advised to check SIA's website for more details.

- CNA /ls
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Old January 28th, 2011, 06:14 AM   #232
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Old January 28th, 2011, 11:46 AM   #233
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Source:http://business.asiaone.com/Business...28-260786.html

Quote:

What it takes to be a Singapore Girl
Fri, Jan 28, 2011
AsiaOne


After five years of being away from the spotlight, the focus is back on the Singapore Girl.

The sarong kebaya-clad Singapore Girl, who has been synonymous with Singapore Airlines, is back to front a multi-million dollar advertising blitz premiering next week, with the 80's theme song Singapore Girl, You're A Great Way To Fly making a comeback as well.

After campaigns focusing on airplane hardware in the past few years, the airline has decided to bring back its iconic Girl, which has been around since 1972, as it knows it is its secret weapon. It had put ad campaigns focusing on her in the backseat after they switched ad agencies in 2007 - from its 35-year partner Batey, to American agency TBWA.

In the new ad, she will be seen flitting gracefully through iconic cities, with the commercial shot in places like India, Paris, and China.
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Old January 28th, 2011, 12:38 PM   #234
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Old January 28th, 2011, 12:49 PM   #235
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Source:http://business.asiaone.com/Business...27-260666.html

Quote:
SIA will remain a premium brand, says its new CEO
Fri, Jan 28, 2011
The Business Times


By Ven Sreenivasan

SINGAPORE - Despite increasing competition and cut-throat pricing in the industry, Singapore Airlines will remain true to its premium branding.

This was emphasised in no uncertain terms by the airline's new chief executive Goh Choon Phong.

'For avoidance of doubt, I should point out categorically that there will be no change to SIA's premium positioning, and no change to the fundamental values that drive SIA's success,' he said in his new year's message published in the airline's latest monthly newsletter, Outlook. 'Safety will always be our number one priority, coupled with a zealous focus on our customers.'

He reiterated that amid the fast evolving competitive landscape of the industry, the airline would push ahead with high-quality customer service, product innovation and leadership, and network connectivity.

Mr Goh - who previously ran SIA Cargo - took over the helm of the company on Jan 1 from Chew Choon Seng, who retired after 39 years in the company, including the last seven-and-a half as its CEO. He is now the chairman of the Singapore Exchange.

Meanwhile, Mr Goh has restructured the upper echelon of his management, placing senior vice-presidents Mak Swee Wah and Ng Chin Hwee as his top two men in the hierarchy, just below himself. Mr Mak oversees all commercial aspects of operations, while Mr Ng oversees human resource and operations.

The reiteration of SIA's premium positioning comes as the airline faces increasingly stiff competition, both regionally and globally.

On regional routes, the airline has been facing an onslaught from budget and discount regional carriers, which now account for a huge share of coach class travellers.

SIA's tickets can typically cost between 20 and 40 per cent more than those charged by some of these carriers, depending on routes and seat class.

On the international routes, it is now facing down competition from cash-rich and ambitious national carriers, especially from the Middle East, who have imitated SIA's proven model in an attempt to lure away the high yielding premium intercontinental market. This premium market is particularly important for Tier 1 carriers like SIA, as it can account for 40 per cent of income.

Mr Goh also noted that while the aviation industry has recovered nicely from the 2008 and 2009 slump, dangers still exist.

'With jet fuel prices above US$100 pbl, volatile currency markets, austerity drives in various European countries, and the stubbornly high unemployment rate in the US, 2011 will have its fair share of challenges and uncertainties.' SIA will unveil its third quarter results shortly.

This article was first published in The Business Times.
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Old January 28th, 2011, 01:52 PM   #236
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The making of Singapore Airlines 2011 ad campain Singapore Girl - SAN FRANCISCO

The complete journey with Singapore Airlines' timeless icon unveils 5 February 2011.
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Old January 28th, 2011, 02:31 PM   #237
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Singapore Air Net Income Falls 29% on Cargo Fines, Lags Analyst Estimates

By Chan Sue Ling - Jan 28, 2011 5:50 PM GMT+0800

Singapore Airlines Ltd., reported a worse-than- estimated 29 percent drop in third-quarter profit after it booked charges relating to antitrust cargo fines.

Net income declined to S$288.3 million ($225 million) in the three months ended December from S$404 million a year earlier, the carrier said in a statement to the Singapore stock exchange today. Profit was expected to be S$299 million, based on the average of six analyst estimates compiled by Bloomberg. Singapore Air made a provision of S$199 million for the fines.

The carrier flew fewer passengers and filled a smaller proportion of seats as budget airlines Jetstar and Tiger Airways Holdings Ltd. lured away cost-conscious travelers. New Chief Executive Officer Goh Choon Phong also faces renewed competition from Cathay Pacific Airways Ltd. and Middle East carriers for lucrative premium fliers.

Singapore Air has lagged behind compared with regional peers,” Kelvin Lau, a Hong Kong-based analyst at Daiwa Institute of Research Pte, said before the earnings. “They need to focus on improving their margins and work harder on the traffic side.”

Singapore Air was unchanged at S$15.04 at the close of trading today. The stock rose 2.4 percent last year, while the 15-member of the Bloomberg Asia-Pacific Airlines Index surged 28 percent. The results were released after the market closed.

SIA Versus Cathay

Passenger yield, the average price a traveler pays to fly one kilometer, was 12.1 Singapore cents in the quarter compared with 10.5 cents a year earlier. The carrier flew 4.37 million passengers in the three months ended December, 0.9 percent fewer than a year before. It filled 79.7 percent of its total available seats, down from 82.4 percent.

The decline in passenger numbers contrasts with Cathay Pacific, which reported increases every month in the quarter. The Hong Kong-based carrier is also rolling out new business- class cabins in a bid to win more executive travelers. Dubai- based Emirates Airline is challenging Singapore Air as it builds up a fleet of 90 Airbus SAS A380s.

Singapore Air’s advance passenger bookings for the quarter ending in March are “leveling off,” the carrier said in its outlook. Growth in air cargo is also expected to slow, it said.

The carrier made the provision after the European Union imposed a fine last year on its freight unit for coordinating fuel and security surcharges.

Cargo Fines

While the carrier accepted the plea offer made by the United States Department of Justice, it is appealing fines imposed by the European Commission and the South Korean Fair Trade Commission and intends to contest the charges, it said in today’s statement.

The airline’s spending on fuel, its biggest expense, climbed 8 percent to S$1.11 billion in the quarter.

Goh, who took over as Singapore Air CEO on Jan. 1, faces low-cost competition from Qantas Airways Ltd.’s Jetstar, which operates a hub in the city-state and plans to boost Asia capacity 30 percent this year. Tiger Air, also based in Singapore and parted-owned by Singapore Air, today said profit jumped 60 percent in the quarter ended December to S$22.6 million.

Singapore Air “is unlikely to shrug off the challenges of the Gulf and low-cost airlines any time soon,” Andrew Orchard, an analyst at Royal Bank of Scotland Plc, wrote in a Jan. 19 report. “As low-cost operators start to expand their networks into longer-haul destinations, we believe strong demand growth is unlikely.”
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Old January 28th, 2011, 05:55 PM   #238
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The making of Singapore Airlines 2011 ad campain Singapore Girl - PARIS

The complete journey with Singapore Airlines' timeless icon unveils 5 February 2011.
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Old January 28th, 2011, 07:03 PM   #239
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Source:http://www.channelnewsasia.com/stori...107565/1/.html

Quote:
Tiger Airways Q3 net profit up 60%
Posted: 28 January 2011 2011 hrs

SINGAPORE : Tiger Airways Holdings Ltd. said its third quarter net profit rose by 60.3 per cent year-on-year due to higher average passenger fares and strict cost management.

The budget carrier, which is 34.4 per cent owned by Singapore Airlines, said it made a net profit of S$22.6 million in the October-December quarter, up from S$14.1 million in the year-ago quarter.

Revenue for the airline, which operates across Asia and Australia, grew 22.2 per cent to S$170.4 million during the same period.

The company warned that the recent weather events on the east coast of Australia would have an adverse impact on earnings for Tiger Airways Australia in the fourth quarter.

As a consequence, plans to increase the fleet beyond the current 10 aircraft in Australia have been deferred until April 2011, it said.

However, it said that given the growth opportunities in Asia, Tiger Airways Singapore would increase its capacity from April to October by 41 per cent year-on-year.

The company would also maintain its plan to grow its fleet by 40 per cent, from 25 aircraft currently to 35 aircraft by March 2012.
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Old January 28th, 2011, 07:27 PM   #240
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