Singapore Airlines Ltd.
In the news
- ANA and Singapore Air suffer record quarterly losses as travel plunges Jul 29, 2020
- Singapore's GIC and Temasek fear prolonged COVID impact Jul 28, 2020
- Maldives tests waters by opening resorts to COVID-weary tourists Jul 11, 2020
- Thai carrier NokScoot heads into liquidation 5 years after launch Jun 27, 2020
- Governance group questions role of Cathay bailout 'observers' Jun 26, 2020 See more articles on Singapore Airlines Ltd.
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.
Business Summary
Financial Highlights
| Mar 2022 | SGD | USD |
| Revenue | 7,614.80M | 5,646.20M |
| Gross Profit | -198.60M | -147.25M |
| Operating income | -872.50M | -646.93M |
| Income before tax | -973.90M | -722.12M |
| Net income | -962M | -713.30M |
| EBITDA | 1,127.10M | 835.71M |
| Diluted EPS | -0.16 | -0.12 |
| Dividends Per Share | -- | -- |
| Total Assets | 48,671M | 35,963.35M |
| Total liabilities | 25,870.60M | 19,115.97M |
| Total equity | 22,411.90M | 16,560.31M |
| Operating cash flow | 2,833.90M | 2,101.27M |
| Currency in SGD | Currency in USD |
Historical Data
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
| Revenue | 15,806.10M | 16,323.20M | 15,975.90M | 3,815.90M | 7,614.80M |
| Gross Profit | 2,518.50M | 1,970.50M | 1,203.70M | -1,506.70M | -198.60M |
| Operating income | 1,598.20M | 1,068.10M | 295.50M | -2,137.40M | -872.50M |
| Income before tax | 1,593.20M | 868.60M | -141.50M | -4,844.40M | -973.90M |
| Net income | 1,301.60M | 682.70M | -212M | -4,270.70M | -962M |
| EBITDA | 2,790.70M | 2,457.90M | 2,487.20M | 4.30M | 1,127.10M |
| Diluted EPS | 0.77 | 0.40 | -0.12 | -1.15 | -0.16 |
| Dividends Per Share | 0.28 | 0.21 | 0.05 | 0 | -- |
| Total Assets | 26,021.40M | 30,632.80M | 33,712.80M | 37,581.30M | 48,671M |
| Total liabilities | 12,793M | 16,949.60M | 23,980.10M | 21,303.20M | 25,870.60M |
| Total equity | 12,860.30M | 13,286.80M | 9,314.10M | 15,905.90M | 22,411.90M |
| Operating cash flow | 2,714.40M | 2,837.80M | 2,657.30M | -3,443.20M | 2,833.90M |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
| Revenue | 11,651.49M | 12,019.25M | 11,645.13M | 2,792.87M | 5,646.20M |
| Gross Profit | 1,856.51M | 1,450.93M | 877.39M | -1,102.76M | -147.25M |
| Operating income | 1,178.11M | 786.47M | 215.39M | -1,564.37M | -646.93M |
| Income before tax | 1,174.43M | 639.57M | -103.14M | -3,545.64M | -722.12M |
| Net income | 959.47M | 502.69M | -154.53M | -3,125.74M | -713.30M |
| EBITDA | 2,057.17M | 1,809.82M | 1,812.96M | 3.14M | 835.71M |
| Diluted EPS | 0.56 | 0.29 | -0.09 | -0.84 | -0.12 |
| Dividends Per Share | 0.20 | 0.15 | 0.04 | 0 | -- |
| Total Assets | 19,843.88M | 22,615.57M | 23,677.21M | 27,970.60M | 35,963.35M |
| Total liabilities | 9,755.92M | 12,513.54M | 16,841.73M | 15,855.31M | 19,115.97M |
| Total equity | 9,807.24M | 9,809.37M | 6,541.48M | 11,838.27M | 16,560.31M |
| Operating cash flow | 2,000.92M | 2,089.55M | 1,936.95M | -2,520.09M | 2,101.27M |
Valuation Measures
| Mar 2022 | |
| PER | -- |
| ROA | -2.23% |
| ROE | -5.02% |
| Operating margin | -11.45% |
| Profit margin | -12.63% |
Key executives
- CEO & Non-Independent Executive Director: Choon Phong Goh
- Executive Vice President-Operations: Swee Wah Mak
- Chief Financial Officer: Kai Ping Tan
- Senior Vice President-Engineering: Hwa Peng Lau
- Senior Vice President-Information Technology: Wei Jun Wang
Shareholders
- Temasek Holdings Pte Ltd. (Investment Company) (55.5%)
- The Vanguard Group, Inc. (1.0%)
- BlackRock Fund Advisors (0.8%)
- Norges Bank Investment Management (0.6%)
- Singapore Airlines Ltd. (0.3%)
- Dimensional Fund Advisors LP (0.3%)
- iFAST Corp. Ltd. (0.2%)
- Geode Capital Management LLC (0.2%)
- State Street Global Advisors Singapore Ltd. (0.2%)
- BlackRock Advisors (UK) Ltd. (0.2%)
Contact Details
- Website:http://singaporeair.com
- Address: Airline House, 25 Airline Road, Singapore, 819829, Singapore
- Phone: +65.6541.5314
Related Companies
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Competitors
- Qantas Airways Limited
- China Airlines Ltd.
- PT Garuda Indonesia (Persero) Tbk Class B
- China Southern Airlines Company Limited Class H
- Cebu Air Inc.
- PAL Holdings, Inc.
- SpiceJet Limited
- Spring Airlines Co., Ltd. Class A
- JG Summit Holdings Inc.
- Asia Aviation Public Co., Ltd.
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