Asia300

Singapore Airlines Ltd.

Singapore

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Mar 24, 2017
Prev close: 10.05
Mar 24, 2017
Market cap:
Market cap(USD):
12,058.5M
8,617.53M
Shares: 1,199.85M

Currency in SGD

Company profile

Market(Ticker): SES(C6L)
Sector:
Industry:
Transportation
Airlines
Full time employees: 24,350

Business summary

Singapore Airlines Ltd. provides passenger and cargo air transportation services. It operates through the following business segments: Airline Operations, Engineering Services, Cargo Operations and Other Services. The Airline Operations segment provides passenger air transportation. The Engineering Services segment offers airframe maintenance and overhaul services, line maintenance, technical ground handling services, and fleet management programs. It also manufactures aircraft cabin equipment; refurbishes aircraft galleys; provides technical and non-technical handling services; and repairs and overhauls hydro-mechanical aircraft equipment. The Cargo Operations segment is involved in air cargo transportation and related services. The Other Services segment includes training of pilots, air charters, and tour wholesaling. The company was founded on January 28, 1972 and is headquartered in Singapore.

Company background

Singapore Airlines (SIA) considers itself a "premium" airline. It prides itself on quality service, differentiating itself from its fast-growing low-cost peers. Wholly owned subsidiary SilkAir flies short-haul regional routes, also providing premium services. Goh Choon Phong has been the airline operator's CEO since December 2010; he has been with Singapore Airlines since 1990. The airline began as Malayan Airways in 1947 before going independent under its current name. Singapore sovereign wealth fund Temasek Holdings owns more than 50% of the company.

SIA has stakes in two low-cost carriers. Tiger Airways Holdings was established in 2004 and now operates in Asia and Australia under the Tigerair brand. It is restructuring after posting three consecutive annual losses. Wholly owned Scoot, set up in 2011 to handle middle- to long-haul routes, is reportedly loss-making. After selling off a 49% stake in Virgin Atlantic to Delta Air Lines, SIA shifted its attention to India. Vistara, a New Delhi-based joint-venture with the Tata Group will initially fly only over India, though plans are to assign it international routes once regulatory approvals are given.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 15,228.5M
Gross profit 1,669.7M
Operating income 939.5M
Income before tax 960.7M
Net income 804.4M
EBITDA 2,515.2M
Diluted EPS 0.68
Dividends per share 0.45
Total assets 24,053.7M
Total liabilities 10,920.8M
Total equity 12,754.7M
Operating cash flow 3,224.3M

Currency in SGD

Revenue 10,983.49M
Gross profit 1,204.26M
Operating income 677.61M
Income before tax 692.90M
Net income 580.17M
EBITDA 1,814.07M
Diluted EPS 0.49
Dividends per share 0.32
Total assets 17,862.54M
Total liabilities 8,109.90M
Total equity 9,471.78M
Operating cash flow 2,325.51M

Currency in USD

Valuation measures

Mar 2016

PER 16.55
ROA 3.33%
ROE 6.37%
Operating margin 6.16%
Profit margin 5.28%

Key executive

  • CEO & Non-Independent Executive Director: Choon Phong Goh
  • EVP-Human Resources & Operations: Chin Hwee Ng
  • Senior Vice President-Finance: Stephen Barnes
  • Senior Vice President-Information Technology: Wei Jun Wang
  • Executive Vice President-Commercial: Swee Wah Mak

Share holders

  • Temasek Holdings Pte Ltd. (Investment Company)(54.7%)
  • Singapore Airlines Ltd.(1.5%)
  • BlackRock Fund Advisors(1.1%)
  • The Vanguard Group, Inc.(0.9%)
  • Norges Bank Investment Management(0.8%)
  • Dimensional Fund Advisors LP(0.4%)
  • Deutsche Investment Management Americas, Inc.(0.2%)
  • Aberdeen Asset Management (Asia) Ltd.(0.2%)
  • BlackRock Investment Management (UK) Ltd.(0.1%)
  • Estate of Chang Shyh Jin(0.1%)

Address

  • Website: http://www.singaporeair.com
  • Address: Airline House, 25 Airline Road, Singapore, 819829, Singapore
  • Phone: +65.6541.4030

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