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Singapore Airlines first quarter profit falls - fuel hikes outpace yield gains

29-Jul-2008

Singapore Airlines Group has unveiled a 15.4% fall in net profit in the three months ended 30-Jun-08 – a result that was better than market expectations. But the Group’s underlying airline business was hit harder by rising fuel costs (+70.6% year-on-year), with airline operating profits sagging 30.8%, against the Group’s 25.9% fall in operating profit. SIA clearly faces one of its biggest tests this financial year. [608 words]

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Graphs and data:

  • SIA Group staff costs proportion of total operation costs vs fuel costs proportion of total operation
  • SIA passenger load factor vs passenger breakeven load factor: 2QFY06 to 1QFY09
  • SIA passenger yield (per RPK) growth vs passenger traffic (RPK) growth: 2QFY07 to 1QFY09
  • SIA passenger yield (per RPK) growth vs passenger load factor growth (ppts): 2QFY07 to 1QFY09
  • SIA passenger yield (per RPK) growth vs passenger unit cost (per ASK) growth: 2QFY07 to 1QFY09
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