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

SINGAPORE AIRLINES LTD. (SIAL)
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Singapore Airlines : Scoot to launch direct Singapore-Laos flight

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01/12/2019 | 04:09am EST

The budget arm of Singapore Airlines, Scoot, is to launch Singapore-Laos flights in April with tickets starting at 88 U.S. dollars.

Scoot will fly from Singapore to Lao capital Vientiane, and to northern Lao ancient town of Luang Prabang on a circular route. It will depart from Singapore for Luang Prabang, followed by Vientiane, before heading back to Singapore, local daily Vientiane Times on Friday quoted the company`s announcement on Thursday.

Three weekly flights will connect Laos to Singapore departing in the morning on Monday, Thursday and Saturday.

These routes were transferred from its sister airline SilkAir with Scoot`s A320 aircraft.

Singapore`s SilkAir launched a service to Vientiane and Luang Prabang in October 2016. It stopped the service after poor passenger figures between October 2017 and February in 2018.

Luang Prabang and Vientiane are the first two of the several new destinations the low-cost carrier will be adding to its network this year, said the daily.

With the addition of Laos, Scoot`s network will span 68 destinations across 19 countries and territories.

Lao Airlines also stopped direct Laos-Singapore flights from March 25, 2018 due to operational reasons and, as of now, has no plans to resume the flights, said the report. Lao Airlines relaunched the Singapore-Laos flight in October 2017.

(c) 2019 Qatar Tribune. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (SGD)
Sales 2019 16 421 M
EBIT 2019 991 M
Net income 2019 644 M
Debt 2019 3 780 M
Yield 2019 3,46%
P/E ratio 2019 17,73
P/E ratio 2020 14,63
EV / Sales 2019 0,94x
EV / Sales 2020 1,07x
Capitalization 11 591 M
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Average target price 10,8  SGD
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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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