Q4 Net Profit down 35%: Cost controls continue to be the order of the day

[CarbonMan]

SINGAPORE - Singapore Airlines (SIA) reported a 35.6 per cent drop in net profit for the October-December quarter to $177 million.

During the quarter, the group recognised a $79 million write-down of the

Tigerair brand and trademark following the announcement by Budget Aviation Holdings that Tiger Airways and Scoot would operate under the common "Scoot" brand.

In addition, there was an absence of a gain from SilkAir's sale and leaseback of four 737-800s reported last year.

Operating profits in the three months increased by 1.7 per cent to $293 million.

Group revenue fell by 2.5 per cent to $3.8 billion, mainly attributable to lower passenger flown revenue in a weak-yield environment, SIA said on Tuesday.

Group expenditure contracted by $102 million - a 2.8 per cent dip - to $3.6 billion.

Profits for the nine months from April to December fell by 14 per cent to $499 million.

http://www.straitstimes.com/business...cember-quarter

[benlee]

No wonder the meal portions are becoming smaller and smaller and they are running out of bottled water.

[Tonitan]

Let's hope SQ don't take the drastic cost cutting route like CX did. CX has seriously pissed many of their regulars off and they are trying very hard to damage control now

[ycp81]

and they are running out of bottled water.

Interesting to note, on my past few flights, crew are not proactive in handing out bottled water in Business Class as compared to previously. Bottled water is only handed out upon request. Not sure if this is just the sets of crew involved or cost-cutting.

[SQGamespeed]

Let's hope SQ don't take the drastic cost cutting route like CX did. CX has seriously pissed many of their regulars off and they are trying very hard to damage control now

This is on top of announcing that they will now have 10-abreast in Y on their 77Ws.

[oxymoron1984]

Interesting to note, on my past few flights, crew are not proactive in handing out bottled water in Business Class as compared to previously. Bottled water is only handed out upon request. Not sure if this is just the sets of crew involved or cost-cutting.

I think it depends on the set of crew. On my SQ 12 flight yesterday, no water bottles were given on the SIN-NRT sector at all. When water was requested, they always came in glassware. However, on the NRT-LAX sector, when water was requested upon boarding, flight attendant #1 asked if I would prefer a bottle of water (SQ branded) to keep by my side. Later on in the flight, flight attendant #2 distributed another bottle of water (Japanese branded) to all passengers. BTW, this flight (NRT-LAX) was one of the best flights I've had on SQ (or any other airlines for that matter) - flight attendants weren't just good, they were AMAZING.

[Tonitan]

Interesting to note, on my past few flights, crew are not proactive in handing out bottled water in Business Class as compared to previously. Bottled water is only handed out upon request. Not sure if this is just the sets of crew involved or cost-cutting.

I have experienced no bottled water onboard Ex-ICN. Amazingly the crew mentioned they were not catered and other than water,all other beverages were available. Not sure if anyone else has similar experience and I have a hunch isolated cases like these do happen and it is certainly bizarre

[SQ002]

BTW, this flight (NRT-LAX) was one of the best flights I've had on SQ (or any other airlines for that matter) - flight attendants weren't just good, they were AMAZING.

I have mostly encountered amazing CCs in my SQ SFO-bound flights. I heard that SQ used to hand-pick their CCs for their ultra-long haul flights (e.g. SIN-LAX nonstop). Not sure if they still do that today.