Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Singapore Airlines
19-05-2017, 08:21 PM,
Post: #251
RE: Singapore Airlines
Singapore Airlines Tumbles Most in Six Years After Surprise Loss

by Abhishek Vishnoi
May 18, 2017, 6:12 PM GMT+8 Updated on May 19, 2017, 5:43 PM GMT+8

Singapore Airlines Ltd. shares plunged the most in almost six years after reporting a surprise loss because of intense competition, prompting Southeast Asia’s biggest carrier to kick off a review of its business.

The stock slumped 7.3 percent to S$9.98, erasing S$922 million ($663 million) in market value. Chief Executive Officer Goh Choon Phong said Friday he would leave “no stone unturned” in the review.

Intense competition from Emirates, Qatar Airways and Etihad that offer services such as a personal butler and shower on board aircraft has crushed profits at Singapore Air and its Hong Kong-based rival Cathay Pacific Airways Ltd., which is also doing a review of its business. To fight back, Goh is boosting borrowings to fund a record $53 billion order for new planes.

More details in
Specuvestor: Asset - Business - Structure.
Website Find Reply
07-06-2017, 11:52 AM,
Post: #252
RE: Singapore Airlines
Singapore Airlines job cuts on the horizon

Find Reply

Forum Jump:

Users browsing this thread: 1 Guest(s) | Return to Top | | Lite (Archive) Mode | RSS Syndication | CONTACT US: |