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MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Singapore Airlines Ltd.    SIAL   SG1V61937297

SINGAPORE AIRLINES LTD.

(SIAL)
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Singapore Airlines : 12 Feb - Singapore Airlines To Boost Osaka Services With Third Daily Flight

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02/12/2019 | 04:20am EST

Singapore Airlines To Boost Osaka Services With Third Daily Flight

12 February 2019 - Singapore Airlines (SIA) will add a third daily service to Osaka's Kansai International Airport in April 2019, to meet growing demand for travel between Singapore and Japan.

SIA already operates two flights per day on the popular Singapore-Osaka route, and the third will be introduced with effect from 27 April 2019. Airbus A330-300 aircraft will be operated, adding nearly 2,000 seats per week in each direction.

Flight SQ620 will depart Singapore at 0830hrs and arrive at Osaka at 1610hrs. The return flight will operate as SQ621, departing Osaka at 1725hrs and arriving in Singapore at 2305hrs.

In addition to Osaka, Singapore Airlines operates six daily services to Tokyo (Haneda and Narita airports), as well as daily services to both Fukuoka and Nagoya. Regional subsidiary SilkAir operates thrice-weekly services to Hiroshima, while low-cost subsidiary Scoot operates 11 weekly flights to Osaka, four weekly flights to Sapporo and 19 weekly flights to Tokyo Narita. With SIA's third daily service to Osaka, the SIA Group will operate a combined 114 weekly flights between Singapore and Japan.

The new flights are subject to regulatory approvals. Tickets will be made available for sale progressively through the various distribution channels.

Disclaimer

Singapore Airlines Ltd. published this content on 12 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2019 09:19:05 UTC

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Financials (SGD)
Sales 2019 16 414 M
EBIT 2019 1 029 M
Net income 2019 652 M
Debt 2019 3 764 M
Yield 2019 3,60%
P/E ratio 2019 17,57
P/E ratio 2020 14,72
EV / Sales 2019 0,94x
EV / Sales 2020 1,08x
Capitalization 11 711 M
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Number of Analysts 17
Average target price 11,0  SGD
Spread / Average Target 13%
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NameTitle
Choon Phong Goh CEO & Non-Independent Executive Director
Lim Huat Seah Independent Non-Executive Chairman
Chin Hwee Ng EVP-Human Resources & Operations
Stephen Barnes Senior Vice President-Finance
Wei Jun Wang Senior Vice President-Information Technology
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