my super simple calculation to guide my purchase
$SIA (C6L.SG)$ What we know - FY22 was a record year with nett profit of 2,156m. First quarter FY23 was a record quarter with 734m nett profit which translates to about 34% of FY22 nett profit. 2023 Jul to Sept PLF is higher than 2022. Caveat - for simplicity, I averaged the 4 metrics of available seat per km, revenue passenger per km, passenger carried, and passenger load factor. So for the group airline (passengers), it improved (incomparison to fy22) by the following:
Sept average of 20%
Aug average of 30%
Jul average of 30%
Cargo is somewhat consistent or +3-4% of FY22 Jul to Sept.
What we dunno are the costs, particularly the higher oil prices, USD and staff costs etc. But if you look at revenue passenger per km, it is higher at average of 30%, which might mean sq is able to recover more costs (or profit) from passengers.
Sept average of 20%
Aug average of 30%
Jul average of 30%
Cargo is somewhat consistent or +3-4% of FY22 Jul to Sept.
What we dunno are the costs, particularly the higher oil prices, USD and staff costs etc. But if you look at revenue passenger per km, it is higher at average of 30%, which might mean sq is able to recover more costs (or profit) from passengers.
Full disclosure - I bought 2500 shares this morn. Hopefully, the Nov results are good. :p
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Terra : Thanks for your sharing. I have fired some shots yesterday and this morning. If SIA maintain same dividend payout for this FY, the yield is 6% which is very decent. Anything more will be a good bonus to all the SIA believers
gancheong spiderOP : oh something else to note..though the passenger per km is higher in comparison to fy22 mth on mth (eg sept 23vs sept 22), it is dipping mth on mth in fy23 (eg aug 23 vs sep 23). Fares could be cheaper as compared to last year. I have also received more promo fares and redemption promo emails from sq this yr.