SIA Expenses Solution???
Group expenditure was up 14 per cent at S$4.2 billion. Fuel expenditure rose 30.1 per cent to S$1.4 billion, while non-fuel expenditure increased 7.7 per cent to S$2.9 billion
The management should very least let investors know how are they going to reduce expenses.
Strong competition will always be present and fuel cost might go even higher . Management need to annouce cost cutting measures if not the next earning report will be even worst especially if we go into recession or travel cool down
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102337007 : if covid time cannot die, what is one quarter profit down? it's profit down, not loss. December holiday coming...
123456FEDCBA : Maybe next year can try giving 0.8 months instead of 8 months, maybe that can save the company
Prosperity8888 OP 102337007 : SPH also never die. No company is too big to be delisted. I too believe in SIA but actions need to be taken
明 Meng : We are waiting for new aircrafts to arrive in 2 to 3 years from Boeing and Airbus. By then should be able to scale new height again. Just my opinion. However, end of the day, it all voice down to financial management and it remains a very critical issue. Fund management is important. If over spend, no matter how good the revenue is, it is catastrophic.