SIA Group reports operating turnaround in Q4FY2018

SIA Group reported (17-May-2018) the following financial highlights:

• Three months ended 31-Mar-2018:
  • Revenue: SGD4017 million (USD3045 million), +8.3% year-on-year;
  • Costs: SGD3803 million (USD2883 million), +3.2%;
    • Fuel: SGD1019 million (USD772 million), +5.3%;
    • Labour: SGD710.4 million (USD539 million), +2.9%;
  • Operating profit: SGD214.5 million (USD163 million), +677%;
    • Singapore Airlines: SGD137 million (USD104 million), compared to a loss of SGD41 million (USD29 million) in p-c-p;
    • SilkAir: SGD3 million (USD2 million), -89%;
    • Scoot: SGD29 million (USD22 million), +32%;
    • SIA Cargo: SGD28 million (USD21 million), compared to a loss of SGD5 million (USD4 million) in p-c-p;
    • SIA Engineering: SGD20 million (USD15 million), -17%;
  • Net profit: SGD193.6 million (USD147 million), compared to a loss of SGD126.4 million (USD89.2 million) in p-c-p;
  • Passenger yield:
    • Singapore Airlines: SGD 10.3 cents (USD 7.8 cents), +1.0%;
    • SilkAir: SGD 11.7 cents (USD 8.9 cents), -11.4%;
    • Scoot: SGD 6.0 cents (USD 4.5 cents), -1.6%;
  • SIA Cargo yield: SGD 28.2 cents (USD 21.4 cents), +8.5%;
• 12 months ended 31-Mar-2018:
  • Revenue: SGD15,806 million (USD11,653 million), +6.3%;
  • Costs: SGD14,749 million (USD10,874 million), +3.5%;
    • Fuel: SGD3899 million (USD2875 million), +4.1%;
    • Labour: SGD2709 million (USD1997 million), +3.5%;
  • Operating profit: SGD1057 million (USD780 million), +69.8%;
    • Singapore Airlines: SGD703 million (USD518 million), +82.1%;
    • SilkAir: SGD43 million (USD32 million), -57%;
    • Scoot: SGD77 million (USD57 million), +15%;
    • SIA Cargo: SGD148 million (USD109 million), compared to a profit of SGD3 million in p-c-p;
    • SIA Engineering: SGD76 million (USD56 million), +5.6%;
  • Net profit: SGD937 million (USD691 million), +112%;
  • Passenger yield:
    • Singapore Airlines: SGD 10.2 cents (USD 7.5 cents), -1.0%;
    • SilkAir: SGD 11.5 cents (USD 8.5 cents), -11.5%;
    • Scoot: SGD 5.8 cents (USD 4.3 cents), -1.7%;
  • SIA Cargo yield: SGD 28.2 cents (USD 20.8 cents), +8.9%;
  • Total assets: SGD27,549 million (USD20,311 million);
  • Cash and bank balances: SGD2568 million (USD1894 million);
  • Total liabilities: SGD3127 million (USD2306 million). [more - original PR]

*Based on the average conversion rate at SGD1 = USD0.758028 for Q4FY2018
*Based on the average conversion rate at SGD1 = USD0.70567 for Q4FY2017
*Based on the average conversion rate at SGD1 = USD0.737259 for FY2018