The Singapore Airlines Group earned an operating profit of SG$39 million (US$31.2 million) in the first quarter of the 2014-15 financial year, $43 million (-52.4 per cent) lower than last year. After non-operating and exceptional items, Group net profit was $35 million, down $87 million (-71.3 per cent) over the same period last year. Group revenue fell $158 million (-4.1 per cent) to $3,682 million. Passenger revenue declined year-on-year on the back of weaker yields amid intense … [Read more...] about SIA Cargo revenue down despite slight yield gain
SIA Cargo
Jan de Rijk renews contract with Singapore Airlines Cargo
Jan de Rijk Logistics has announced that it has signed a prolongation agreement for Road Feeder Services with Singapore Airlines Cargo. The extension of the current contract is a positive development in the current air cargo market and proof of the trust Singapore Airlines Cargo has in the company's extensive trucking network, the Dutch logistics company said. Jan de Rijk Logistics will provide European trucking services to Singapore Airlines Cargo as preferred supplier at their main … [Read more...] about Jan de Rijk renews contract with Singapore Airlines Cargo
Singapore Airlines sees slight cargo growth
Singapore Airlines (SIA) has reported that its overall cargo load factor in May 2014 increased by 0.9 percentage points year-on-year to 62.9 per cent. Cargo traffic (measured in freight-tonne-kilometres) was 0.1 per cent lower compared with capacity reduction of 1.6 per cent. Load factors were higher on all route regions, except for South West Pacific region where cargo traffic was weaker and did not match the increase in capacity, SIA said. … [Read more...] about Singapore Airlines sees slight cargo growth
SIA Cargo traffic continues to slide in Feb
Singapore Airlines Cargo (SIA Cargo) continues to see declining freight traffic with an 8.1 per cent decline in volume for the month of February, year-on-year to 73.9 million kg from the 80.4 million kg it uplifted in February 2013. Expressed in freight tonne kilometres (FTK), the Singapore carrier saw a drop of 11.1 per cent to 414.7 million FTK. Although capacity contracted by four per cent it was not enough to offset the shrinking cargo volumes, leading to a cargo load factor of 58.1 per … [Read more...] about SIA Cargo traffic continues to slide in Feb
SIA Cargo sponsoring 2010 Youth Olympics
As part of Singapore Airlines' sponsorship of the Singapore 2010 Youth Olympic Games, Singapore Airlines Cargo will be flying in horses, timing and scoring equipment and other games-related freight from various cities it serves for for the games to be held in August 2010. The Singapore Youth Olympic Games Organising Committee (SYOGOC) and Singapore Airlines earlier signed a sponsorship agreement, under which the Airline will provide air tickets, carriage of airfreight, as well as publicity for … [Read more...] about SIA Cargo sponsoring 2010 Youth Olympics
Singapore Airlines’ Q4 net profit up six-fold
Singapore Airlines (SIA) has said its fourth quarter net profit soared more than six-fold as the global economic rebound boosted travel and cargo demand. Net profit in the three months to March was S$278 million (US$197.5 million), up from $42 million in the same quarter the year before, the company said in a statement. Together with the $404 million net profit in the third quarter, the fourth quarter earnings reversed $466 million in losses recorded in the financial first half. The airline … [Read more...] about Singapore Airlines’ Q4 net profit up six-fold
