Singapore Airlines Reports Q2 FY2024 Earnings on November 7 2023
December 17, 2023
🌥️Earnings Overview
On November 7 2023, Singapore Airlines ($SGX:C6L) reported their financial results for the second quarter of FY2024 (Q2 FY2024), showing total revenue of SGD 4683.4 million, a 3.9% increase from the same period in the previous year. Net income rose 27.1% year over year to SGD 707.1 million.
Share Price
On Tuesday, November 7th 2023, Singapore Airlines (SIA) reported their second quarter financial results for the fiscal year 2024. Stock opened at SG$6.3 and closed at SG$6.2, down 1.4% from prior closing price of 6.3. Despite the encouraging signs, SIA still faces an uphill battle as the airline industry is expected to take several years to fully recover from the pandemic. 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 |
| 18.52k | 2.67k | 14.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Singapore Airlines. More…
| Operations | Investing | Financing |
| 6.78k | 315 | -10.7k |
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 |
| 46.66k | 28.92k | 5.83 |
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 |
| 25.9% | 47.6% | 19.8% |
| FCF Margin | ROE | ROA |
| 28.9% | 13.3% | 4.9% |
Analysis
GoodWhale has conducted an analysis of the fundamentals of SINGAPORE AIRLINES and concluded that it is classified as a ‘Cheetah’ company according to the Star Chart. This type of company has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given the company’s strong growth and medium asset, dividend, and profitability, investors may find SINGAPORE AIRLINES a suitable option. Furthermore, the intermediate health score of 6/10 with regard to its cashflows and debt indicates that the company is likely to be able to pay off its debt and fund future operations. This makes SINGAPORE AIRLINES an attractive option for investors who are looking for both growth and stability. 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 reported impressive earnings results for Q2 FY 2023, with total revenue increasing by 3.9% and net income up by 27.1%. The results suggest that the company is well-positioned for continued growth and stability in the near future. Investors should take note of the strong fundamentals of Singapore Airlines, such as its robust balance sheet, expanding customer base and attractive dividend yields. With its strong financial performance, Singapore Airlines is likely to remain an attractive option for investors seeking to gain exposure to the aviation industry.
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