SINGAPORE AIRLINES Reports Strong Earnings for Q1 FY2024
August 23, 2023
☀️Earnings Overview
SINGAPORE AIRLINES ($SGX:C6L) reported total revenue of SGD 4479.0 million for the first quarter of FY2024, ending July 27 2023, a 14.5% increase from the same period in the previous year. Net income was SGD 734.0 million, a remarkable 98.2% jump from the year before. The results were announced on June 30 2023.
Stock Price
On Thursday, SINGAPORE AIRLINES reported strong earnings for Q1 of the fiscal year 2024. The stock opened at SG$7.6 and closed at SG$7.5, a drop of 0.1% from the prior closing price of 7.5. This marks the third consecutive quarter of positive earnings for the airline, with its share prices climbing steadily over the past year. These measures were taken to reward shareholders and improve the airline’s capital structure.
Overall, SINGAPORE AIRLINES has continued to show strong performance in spite of the pandemic-induced travel downturn. With its stock price holding steady and its financial performance continuing to improve, investors can expect to see more positive results from SINGAPORE AIRLINES in the coming 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
GoodWhale has conducted an analysis of the financials of SINGAPORE AIRLINES. Our analysis shows that SINGAPORE AIRLINES is a medium risk investment in terms of financial and business aspects. We detected 3 risk warnings in the income sheet, balance sheet, and cashflow statement. If you would like to review those risk warnings in more detail, please register with us. Our analysis of the financials of SINGAPORE AIRLINES provides an opportunity to take a closer look at the potential risks and rewards associated with investing in this company. With the help of our expert analysts, you can make an informed decision before investing. 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 had a very successful first quarter of FY2024, with total revenue up 14.5% and net income up 98.2% year over year. This impressive performance has investors very optimistic on the stock, as it indicates a strong financial health and potential for further growth. Analysts are recommending buying into the stock due to its strong fundamentals and potential for long-term gains.
Investors should also keep an eye on SINGAPORE AIRLINES’ future developments, such as their investment strategies, operational efficiency and customer service improvements. All in all, SINGAPORE AIRLINES is looking like a great investment option in the current market.
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