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$SIA (C6L.SG)$ See Chatgpt analysis of SIA stock 1Q 2024 Ear...
$SIA (C6L.SG)$ See Chatgpt analysis of SIA stock 1Q 2024 Earning report. Dun look so good( expect the stock price will plunge tmr)===>Based on the unaudited financial results for the first quarter ended 30 June 2024, Singapore Airlines (SIA) reported the following key financial statistics:
### Group Financial Results
- **Total Revenue**: $4,718 million, an increase from $4,479 million in the same quarter of FY2023/24 (5.3% improvement).
- **Total Expenditure**: $4,248 million, up from $3,725 million in the previous year (14.0% increase).
- **Operating Profit**: $470 million, down from $755 million in the same quarter last year (37.7% decrease).
- **Profit Attributable to Owners**: $452 million, a decrease from $734 million (38.4% decrease).
### Key Ratios and Margins
- **Earnings Per Share (Basic)**: 12.8 cents, down from 14.3 cents.
- **Earnings Per Share (Adjusted Basic)**: 15.2 cents, down from 24.7 cents.
- **Earnings Per Share (Diluted)**: 12.4 cents, down from 14.0 cents.
- **EBITDA**: $1,218.9 million, down from $1,505.1 million.
- **EBITDA Margin**: 25.8%, down from 33.6%.
- **Debt to Equity Ratio**: 0.89, increased from 0.82.
- **Net Asset Value Per Share**: $5.07, down from $5.49.
- **Adjusted Net Asset Value Per Share**: $4.80, up from $4.38.
### Operating Statistics
#### Singapore Airlines (Passenger)
- **Passengers Carried**: 6,445 thousand, up by 17.7%.
- **Revenue Passenger-Km**: 29,024.9 million, up by 11.9%.
- **Available Seat-Km**: 33,607.4 million, up by 14.2%.
- **Passenger Load Factor**: 86.4%, down by 1.7 percentage points.
- **Passenger Yield**: 11.4 cents/pkm, down by 5.8%.
- **Revenue Per Available Seat-Km**: 9.8 cents/ask, down by 7.5%.
- **Passenger Unit Cost**: 9.1 cents/ask, up by 5.8%.
- **Passenger Breakeven Load Factor**: 79.8%, up by 8.7 percentage points.
#### Scoot (Passenger)
- **Passengers Carried**: 3,158 thousand, up by 6.7%.
- **Revenue Passenger-Km**: 8,195.6 million, up by 2.4%.
- **Available Seat-Km**: 9,212.5 million, up by 5.6%.
- **Passenger Load Factor**: 89.0%, down by 2.7 percentage points.
- **Passenger Yield**: 6.4 cents/pkm, down by 5.9%.
- **Revenue Per Available Seat-Km**: 5.7 cents/ask, down by 9.5%.
- **Passenger Unit Cost**: 6.0 cents/ask, down by 1.6%.
- **Passenger Breakeven Load Factor**: 93.8%, up by 4.1 percentage points.
#### Group Airlines (Passenger)
- **Passengers Carried**: 9,603 thousand, up by 13.8%.
- **Revenue Passenger-Km**: 37,220.5 million, up by 9.7%.
- **Available Seat-Km**: 42,819.9 million, up by 12.2%.
- **Passenger Load Factor**: 86.9%, down by 2.0 percentage points.
- **Passenger Yield**: 10.3 cents/pkm, down by 4.6%.
- **Revenue Per Available Seat-Km**: 8.9 cents/ask, down by 7.3%.
#### Group Airlines (Cargo)
- **Cargo and Mail Carried**: 273.8 million kg, up by 27.9%.
- **Cargo Load**: 1,497.3 million tonne-km, up by 23.2%.
- **Gross Capacity**: 2,596.0 million tonne-km, up by 10.7%.
- **Cargo Load Factor**: 57.7%, up by 5.9 percentage points.
- **Cargo Yield**: 36.1 cents/ltk, down by 19.1%.
- **Cargo Unit Cost**: 20.1 cents/ctk, up by 0.5%.
- **Cargo Breakeven Load Factor**: 55.7%, up by 10.9 percentage points.
### Financial Position
- **Total Assets**: $42,882.5 million, down from $44,264.7 million.
- **Total Debt**: $13,329.6 million, down from $13,448.0 million.
- **Total Cash and Bank Balances**: $10,093.1 million, down from $11,268.8 million.
- **Total Liabilities**: $27,406.3 million, down from $27,520.1 million.
- **Equity Attributable to Owners**: $15,060.8 million, down from $16,337.9 million.
### Summary
While SIA has shown growth in revenue and passenger numbers, increased fuel costs and lower yields have impacted its profitability. The airline industry continues to face challenges from heightened competition, supply chain constraints, inflationary pressures, and geopolitical uncertainties, but SIA remains strategically positioned to navigate these challenges with a focus on growth opportunities and cost discipline.
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102672649 : Result no good why pay dividend 0.38cts
OnlyMonkey 102672649 : They have robust cash position
102672649 : Cash is King!
102611832 102672649 : bonus to staffs too.that why half only?? lol
103947182 : be patient. it's just a 1st quarter result. Revenue is up. only the operating expenses are too high. mayb is the compensation exp and repair & maintenance are too high.
103947182 : guys, don't panic. bad news is good news.
OnlyMonkey 103947182 : Cyclical