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 2023 | SGD | USD |
Revenue | 17,774.80M | 12,935.08M |
Gross Profit | 3,031.20M | 2,205.86M |
Operating income | 1,649.50M | 1,200.37M |
Income before tax | 2,668M | 1,941.55M |
Net income | 2,156.80M | 1,569.54M |
EBITDA | 3,730M | 2,714.39M |
Diluted EPS | 0.34 | 0.25 |
Dividends Per Share | 0.38 | 0.27 |
Total Assets | 50,190M | 37,749.61M |
Total liabilities | 29,940.20M | 22,519.04M |
Total equity | 19,858.30M | 14,936.10M |
Operating cash flow | 9,153.60M | 6,661.26M |
Currency in SGD | Currency in USD |
Historical Data
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
Revenue | 16,323.20M | 15,975.90M | 3,815.90M | 7,614.80M | 17,774.80M |
Gross Profit | 1,970.50M | 1,203.70M | -1,506.70M | -198.60M | 3,031.20M |
Operating income | 1,068.10M | 295.50M | -2,137.40M | -867.80M | 1,649.50M |
Income before tax | 868.60M | -141.50M | -4,844.40M | -973.90M | 2,668M |
Net income | 682.70M | -212M | -4,270.70M | -962M | 2,156.80M |
EBITDA | 2,457.90M | 2,487.20M | 4.30M | 1,131.80M | 3,730M |
Diluted EPS | 0.40 | -0.12 | -1.15 | -0.16 | 0.34 |
Dividends Per Share | 0.21 | 0.05 | 0 | 0 | 0.38 |
Total Assets | 30,632.80M | 33,712.80M | 37,581.30M | 49,723.30M | 50,190M |
Total liabilities | 16,949.60M | 23,980.10M | 21,303.20M | 26,922.90M | 29,940.20M |
Total equity | 13,286.80M | 9,314.10M | 15,905.90M | 22,411.90M | 19,858.30M |
Operating cash flow | 2,837.80M | 2,657.30M | -3,443.20M | 2,833.90M | 9,153.60M |
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
Revenue | 12,019.25M | 11,645.13M | 2,792.87M | 5,646.20M | 12,935.08M |
Gross Profit | 1,450.93M | 877.39M | -1,102.76M | -147.25M | 2,205.86M |
Operating income | 786.47M | 215.39M | -1,564.37M | -643.45M | 1,200.37M |
Income before tax | 639.57M | -103.14M | -3,545.64M | -722.12M | 1,941.55M |
Net income | 502.69M | -154.53M | -3,125.74M | -713.30M | 1,569.54M |
EBITDA | 1,809.82M | 1,812.96M | 3.14M | 839.20M | 2,714.39M |
Diluted EPS | 0.29 | -0.09 | -0.84 | -0.12 | 0.25 |
Dividends Per Share | 0.15 | 0.04 | 0 | 0 | 0.27 |
Total Assets | 22,615.57M | 23,677.21M | 27,970.60M | 36,740.90M | 37,749.61M |
Total liabilities | 12,513.54M | 16,841.73M | 15,855.31M | 19,893.52M | 22,519.04M |
Total equity | 9,809.37M | 6,541.48M | 11,838.27M | 16,560.31M | 14,936.10M |
Operating cash flow | 2,089.55M | 1,936.95M | -2,520.09M | 2,101.27M | 6,661.26M |
Valuation Measures
Mar 2023 | |
PER | 16.08 |
ROA | 4.31% |
ROE | 10.20% |
Operating margin | 9.27% |
Profit margin | 12.13% |
Management
- CEO & Non-Independent Executive Director: Choon Phong Goh
- Chief Operations Officer & Executive VP-Operations: Kai Ping Tan
- Chief Financial Officer & Senior VP-Finance: Jo Ann Tan
- Senior Vice President-Engineering: Hwa Peng Lau
- Senior Vice President-Information Technology: Wei Jun Wang
Shareholders
- Temasek Holdings Pte Ltd. (Investment Company) (53.4%)
- The Vanguard Group, Inc. (1.4%)
- BlackRock Fund Advisors (0.8%)
- Norges Bank Investment Management (0.7%)
- Dimensional Fund Advisors LP (0.3%)
- Geode Capital Management LLC (0.3%)
- State Street Global Advisors Singapore Ltd. (0.2%)
- BlackRock Advisors (UK) Ltd. (0.1%)
- Vanguard Global Advisers LLC (0.1%)
- GOH CHOON PHONG (0.1%)
Contact Details
- Website:https://www.singaporeair.com/en_uk/imprint/
- Address: Airline House, 25 Airline Road, Singapore, 819829, Singapore
- Phone: +65.6541.5314
Related Companies
- Singapore Airlines Ltd. (New Zealand)
- Singapore Airlines Ltd. (Vietnam)
- Sing-Bi Funds Pte Ltd.
- Encounters Pte Ltd.
- Singapore Airlines Ltd. (Brazil)
- Budget Aviation Holdings Pte Ltd.
- Singapore Flying College Pte Ltd.
- Cargo Community Network Pte Ltd.
- Singapore Airlines Korea
- Singapore Airlines Ltd. (Ireland)
- SilkAir (Singapore) Pte Ltd.
- RCMS Properties Pvt Ltd.
- Tradewinds Tours & Travel Pte Ltd.
- Singapore Aviation & General Insurance Co. Pte Ltd.
- Singapore Airlines Ltd. Sucursal en Espana
- Singapore Airlines Cargo Pte Ltd. (California)
- SIA Properties Pte Ltd.
- SIA Engineering Company Limited
Competitors
- Qantas Airways Limited
- China Airlines Ltd.
- PT Garuda Indonesia (Persero) Tbk Class B
- China Southern Airlines Company Limited Class H
- Turk Hava Yollari A.O.
- Cebu Air Inc.
- PAL Holdings, Inc.
- Spring Airlines Co., Ltd. Class A
- JG Summit Holdings Inc.
- Asia Aviation Public Co., Ltd.
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