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Group revenue for the fiscal year fell 2.2% year-over-year to S$15.2 billion, while total expenses lowered 4% to S$14.55 billion, producing an operating profit of S$681.2 million, up 66.4% year-over-year. Consolidated Group passenger traffic increased 2% year-over-year to 119 billion RPKs, while capacity inched up a scant 0.6% to 149.2 billion ASKs. Load factor was 79.8%, up 1.3 points from the prior fiscal year. SIA Group is parent to Singapore Airlines, SIA Cargo, Tigerair, Scoot, SilkAir and SIA Engineering. Singapore Airlines reported an operating profit of S$485 million for FY2015-16, up 42.6% from FY2014-15. Low-cost carrier (LCC) Scoot reported its first operating profit at S$28 million in FY2015-16, reversed from an operating loss of S$67 million in the previous year. Regional LCC Tigerair reported an operating profit of S$14 million for FY 21015-16, reversed from a loss of S$9 million in the previous year. Full-service subsidiary SilkAir likewise saw a jump in operating profits to S$91 million, up from S41 million in the FY2014-15. However, SIA Cargo reported an operating loss of S$50 million for FY2015-16, widened from an operating loss of S$22 million a year ago. SIA CEO GohChoon Phongsaid the results would drive the carrier to pursue a flexible and nimble policy in coming years, with an emphasis on its premium marketing position.
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One minute I’m in the ‘Hong Kong’ damp markets and shopping malls of Chinatown, the following the ‘Mumbai’ road scenes of Little India, the next the red-light ‘Patpong, Bangkok’ district of Geylang. Just what I like most about Singapore are the sharp and also continuous contrasts: great smoky holy places in the shadow of high-rise buildings, luxe condominiums backing onto forest, old-school chophouses housing secret cocktail dens. Centuries of social exchange shine via in the area’s special Nona food, while modern-day Singapore’s worldwide status is shown in a thriving restaurant scene that covers all bases with ever-increasing skills. British and Dutch interest in the area grew with the flavour trade, and also the trading post of Singapore was established in 1819 by Sir Stamford Raffles. Greater than merely stay and malls, new-school Singapore is about sci-fi design in billion-dollar gardens, contemporary fine art in converted colonial barracks, and also single-origin coffee in heritage chophouses. Singaporeans are obsessed with food– great food– and you’ll discover it steaming, searing and simmering almost anywhere you look. Certainly, food is the best unifier throughout ethnic separates and the country’s renowned hawker centres are a stimulating mix of Chinese, Malaysian and Indian flavours. Wherever you are, discuss your travel stories with YourSingapore Follow us for the most recent updates and chats. S. Conversely, get on a bum boat and afterwards cycle your method around a rustic island heaven.
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