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01-10-2016, 05:04 PM
#9131
Hot as at Sepang
Originally Posted by workingdad
http://www.nzherald.co.nz/business/n...ectid=11720333
Interesting article saying Singapore airlines NZ passenger revenue fell 12%
Net profit rose to $7.9 million in the 12 months ended March 31, from $4.8m a year earlier, Singapore Airlines NZ's financial statements lodged with the Companies Office show. Revenue, which is almost entirely attributable to passengers, dropped 12 per cent to $175.8m, while expenditure fell 14 per cent to $168m.
The NZ company's fuel bill dropped 25 per cent in 2016 to $53.6m as the price of crude oil fell, reaching 12-year lows in February. A global glut of oil, driven by increased supply from the US, Canada, Iraq and the Organisation of Petroleum Exporting Countries and slower demand from China, drove the price of crude 75 per cent down from its levels of mid-2014.
So the questions are:
1/ Why did revenue fall so much?
2/ When you have answered 1/ of what relevance is this article to anything?
If you are interested in Singapore Airlines then their financial information is available from their website.
Best Wishes
Paper Tiger
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03-10-2016, 02:48 AM
#9132
7th & 9th - Must do better next season
Originally Posted by Paper Tiger
So the questions are:
1/ Why did revenue fall so much?
2/ When you have answered 1/ of what relevance is this article to anything?
If you are interested in Singapore Airlines then their financial information is available from their website.
Best Wishes
Paper Tiger
Having seen Lewis Hamilton's title championship hopes literally go up in smoke I will answer my own questions:
1/ For 3/4 of FY15 Singapore Air operated 2 daily return flights SIN-AKL, but from 6-Jan-15 they only operated one. The dropped slot was taken up by AIR themselves and all this was part of an agreement between them.
2/ None.
Best Wishes
Paper 'McLaren Fan' Tiger
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03-10-2016, 09:11 AM
#9133
Originally Posted by Paper Tiger
Having seen Lewis Hamilton's title championship hopes literally go up in smoke I will answer my own questions:
Paper 'McLaren Fan' Tiger
7th and 9th.Slowly improving.?
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03-10-2016, 09:26 AM
#9134
ASM just repeating guidance a bit disappointing and leaves market in limbo
Maybe that unknown analyst was right - airline management are useless at forecasting profits (or something like that)
So 400m to 600m just a big guess?
Last edited by winner69; 03-10-2016 at 01:05 PM.
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03-10-2016, 10:21 AM
#9135
Would it be fair to say that now that the meeting is over,that this week should show whether AIR is going to bounce back on track or that this is its new normal?
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03-10-2016, 01:08 PM
#9136
Originally Posted by skid
Would it be fair to say that now that the meeting is over,that this week should show whether AIR is going to bounce back on track or that this is its new normal?
prob new normal
Unless monthly operating stats are good (less worse than some think) i can't see much that will see the share price bounce back (quickly)
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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03-10-2016, 02:07 PM
#9137
Originally Posted by winner69
prob new normal
Unless monthly operating stats are good (less worse than some think) i can't see much that will see the share price bounce back (quickly)
So what can you see which would bring the SP back slowly? Analysts expect that 2017 is worse than 2016 but better than 2018 ...
Or do you mean "really slow" - like 2019?
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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03-10-2016, 02:16 PM
#9138
Everything is green and bubbling away nicely in my portfolio. Except for AIR. It's always Black Monday for Air at the moment.
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03-10-2016, 03:38 PM
#9139
Member
Originally Posted by Bobdn
Everything is green and bubbling away nicely in my portfolio. Except for AIR. It's always Black Monday for Air at the moment.
Black Monday? More like Black Everyday.
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03-10-2016, 04:16 PM
#9140
http://m.nzherald.co.nz/business/new...ectid=11721595
The fact air not cannot provide a tighter range in their forecasts suggests they are not confident of breaching the $400m level after 6 months of this financial year.
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