Singapore Airlines Reports Profitable First Quarter of FY2024
July 30, 2023
☀️Earnings Overview
Singapore Airlines ($SGX:C6L) reported total revenue of SGD 4479.0 million for the first quarter of the 2024 fiscal year ending June 30th 2023, which is a 14.5% rise from the same quarter of last year. Net income also saw a significant year over year increase of 98.2%, with reported earnings amounting to SGD 734.0 million.
Stock Price
Despite the positive results, the stock price of Singapore Airlines opened at SG$7.6 and closed at SG$7.5, down by 0.1% from its previous closing price of SG$7.5. The airline industry has been facing a challenging environment since the pandemic began, and this quarter is no exception. The company has been able to stay afloat thanks to its tight cost-control measures and dedicated staff. This will help Singapore Airlines weather any unforeseen circumstances in the near future.
The company’s financial performance has been supported by its cost-control measures and strong balance sheet. Investors should keep an eye on Singapore Airlines stock as the company looks to continue its success in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Singapore Airlines. More…
| Total Revenues | Net Income | Net Margin |
| 18.33k | 2.52k | 13.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Singapore Airlines. More…
| Operations | Investing | Financing |
| 9.13k | -134 | -6.21k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Singapore Airlines. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 46.06k | 46.06k | 5.78 |
Key Ratios Snapshot
Some of the financial key ratios for Singapore Airlines are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.9% | 157.4% | 18.1% |
| FCF Margin | ROE | ROA |
| 40.6% | 11.2% | 4.5% |
Analysis
At GoodWhale, we help you analyze and understand the financials of companies, such as SINGAPORE AIRLINES. According to our Risk Rating, SINGAPORE AIRLINES is a medium risk investment in terms of financial and business aspects. To ensure you know all the details, we have detected 3 risk warnings in the income sheet, balance sheet, and cashflow statement. These can be accessed by registering on goodwhale.com. It’s important to keep up to date with these risk warnings to make sure you are making the best decision for your investments. More…
Peers
In the airline industry, there is intense competition between Singapore Airlines Ltd and its competitors: AirAsia X Bhd, Capital A Bhd, Grupo Aeromexico SAB de CV. Each company is striving to offer the best products and services to their customers at the most competitive prices. This competition benefits consumers as it leads to lower fares and improved services.
– AirAsia X Bhd ($KLSE:5238)
AirAsia X Bhd is a Malaysian low-cost airline that operates long-haul flights. The company has a market cap of 163.85M as of 2022 and a return on equity of 123.04%. AirAsia X was founded in 2007 and is headquartered in Kuala Lumpur, Malaysia. The company operates scheduled passenger services to destinations in Asia, Australia, and the Middle East.
– Capital A Bhd ($KLSE:5099)
Capital A Bhd is a Malaysian investment holding company with interests in banking, insurance, and other financial services. As of 2022, the company had a market capitalization of 2.39 billion Malaysian ringgit and a return on equity of 42.62%. Capital A was founded in 1967 and is headquartered in Kuala Lumpur.
– Grupo Aeromexico SAB de CV ($OTCPK:GRPAF)
Grupo Aeromexico SAB de CV is a Mexican airline company that provides air transportation services in Mexico and internationally. The company has a fleet of 119 aircraft and operates more than 600 daily flights. Grupo Aeromexico SAB de CV has a market cap of 1.26B as of 2022 and a Return on Equity of 67.02%. The company’s main focus is on providing excellent customer service and offering a comfortable and safe travel experience.
Summary
Singapore Airlines has reported strong financial performance in the first quarter of FY2024, with total revenue of SGD 4479.0 million and net income of SGD 734.0 million. This represents an increase of 14.5% and 98.2% respectively when compared to the same period last year. The Company’s strong financial position and steady growth makes it a good option for investors looking for a safe and profitable long-term investment. With plans for international expansion, Singapore Airlines also offers potential for capital gains in the future.
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