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SIA announced that it is raising its fuel surcharges for the 3rd
time since Dec 10, which applies to both SIA and Silkair flights.
The new fuel surcharges represent a US$2-US$26 increase per
sector, depending on the distance and class of travel. The new
fuel surcharges apply for tickets issued on or after Mar 17th.
This increase in fuel surcharges will help to relieve some but not
all of the increase in costs for SIA. We are currently reviewing
our SIA numbers and are looking to cut FY11 earnings forecasts
to factor in higher jet fuel costs. We still see SIA as a BUY.
Though earnings will slow but it will still be at a fairly profitable
level for SIA. SIA also has S$5bn in net cash, which we believe
the company will either pay out or buy something value
accretive with. Technically, the SIA shares can rebound to
$14.20-$14.50 in the near-term with support at $13.70.
I view this as a positive move for the company. If the mkt is bullish tmr then you may see it prices going up further..
hesperus ( Date: 09-Mar-2011 19:17) Posted:
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shplayer ( Date: 09-Mar-2011 18:02) Posted:
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New123 ( Date: 08-Mar-2011 16:06) Posted:
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SGG_SGG ( Date: 08-Mar-2011 15:53) Posted:
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Yup. Going up! Oil price may come down .
knightrider ( Date: 02-Mar-2011 16:20) Posted:
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knightrider ( Date: 08-Mar-2011 12:22) Posted:
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SGG_SGG ( Date: 03-Mar-2011 16:16) Posted:
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Singapore Airlines has not finished crash landing yet.
http://mystocksinvesting.com/singapore-stocks/singapore-airlines-sia/singapore-airlines-sia-landed-safely/