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Singapore Airlines Essay

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Singapore Airlines
A report on the analysis of Singapore Airlines annual report and accounts

Managerial Finance

Content Page

  1. Introduction
1.1 History of Singapore Airlines
Singapore Airlines’ history can be traced back to 1 May 1947, with the incorporation of Malayan Airways Limited. During the formation of Federation of Malaysia in 1963, the airline was known as Malaysian Airways and in 1966, it was known as Malaysia-Singapore Airlines (MSA). When MSA ceased operation in 1972, Singapore Airlines became an independent entity and today it has with strong world-wide presence and flies around 18 million passengers annually.

      2.2 Principal activity of the company
The principal activity of Singapore Airlines includes providing air transportation, aero-engine overhauling services,   ground handling, aircraft leasing, aviation engineering, air catering and tour operations.

Currently Singapore Airlines has several subsidiaries, such as, Silkair, Tradewinds Tour, SIA engineering Company, SIA Cargo, Scoot, etc.

      2.3 Key Financial Highlights
The key financial highlight report was a 1.6% increase in revenue, mainly from the airline passenger operations. 2% increase in expenditure due to rising staff cost and increased staff strength, rising fuel cost and other variable cost such as passenger cost, aircraft maintenance and overhaul cost. It further reported an operating profit decline of 19.8% mainly attributed by the loss of operating profits by its Cargo, Engineering and other services.

Meanwhile, in their analyst briefing slides, they highlighted the increased in passenger load to 79.3% from 77.4% last year and the breakeven load factor increase to 80.7%. With that the operating gap was 0.08% wider than last year’s result.

However, the passenger yield remains lower month to month as compared to last year as this may be attributed to cheaper ticket and promotions to increase passenger loads.

The key challenges faced by the...

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