inlinesix Supersonic July 28, 2020 Share July 28, 2020 Quote Singapore Airlines braces for hefty losses in Q1 as global travel hit by coronavirus https://www.scmp.com/news/asia/southeast-asia/article/3094827/singapore-airlines-braces-hefty-losses-q1-global-travel ↡ Advertisement Link to post Share on other sites More sharing options...
Wt_know Supersonic July 28, 2020 Share July 28, 2020 38 minutes ago, inlinesix said: https://www.scmp.com/news/asia/southeast-asia/article/3094827/singapore-airlines-braces-hefty-losses-q1-global-travel is the recent capital injection enough to burn till mid 2021? 2 Link to post Share on other sites More sharing options...
Blueray Hypersonic July 28, 2020 Share July 28, 2020 SIA CEO makes $4.2m despite SIA incurring first full-year loss of $212m in 48-year history https://www.onlinecitizenasia.com/2020/07/17/sia-ceo-makes-4-2m-despite-sia-incurring-first-full-year-loss-of-212m-in-48-year-history/ 1 Link to post Share on other sites More sharing options...
Watwheels Supersonic July 28, 2020 Share July 28, 2020 18 minutes ago, Wt_know said: is the recent capital injection enough to burn till mid 2021? That's why you have to click on the link and do some reading. The header will not say much. For now we are not seeing any job cuts for SIA but that doesnt mean they will not start to do that. Of course they will have to start holding talks with the affected employees and union about the job cuts if they were to plan to do it. I think it's inevitable. Such a big company with 28K employees. 1 Link to post Share on other sites More sharing options...
Watwheels Supersonic July 28, 2020 Share July 28, 2020 5 minutes ago, Blueray said: SIA CEO makes $4.2m despite SIA incurring first full-year loss of $212m in 48-year history https://www.onlinecitizenasia.com/2020/07/17/sia-ceo-makes-4-2m-despite-sia-incurring-first-full-year-loss-of-212m-in-48-year-history/ They will say he deserved the pay cos after so many previous years of profit making. If we really look back at the company's profit, what is 4.2m? 1 Link to post Share on other sites More sharing options...
Wind30 Turbocharged July 28, 2020 Share July 28, 2020 1 hour ago, Watwheels said: They will say he deserved the pay cos after so many previous years of profit making. If we really look back at the company's profit, what is 4.2m? you cannot blame that guy for Covid, but I am wondering about the huge fuel hedge losses SIA took. I wonder what is the point of hedging, is it to minimize risk or to gamble for more profits??? Anyone financially trained can chip in? The fuel hedging rest solely on the CEO.... what was he thinking? Link to post Share on other sites More sharing options...
Watwheels Supersonic July 28, 2020 Share July 28, 2020 (edited) 22 minutes ago, Wind30 said: you cannot blame that guy for Covid, but I am wondering about the huge fuel hedge losses SIA took. I wonder what is the point of hedging, is it to minimize risk or to gamble for more profits??? Anyone financially trained can chip in? The fuel hedging rest solely on the CEO.... what was he thinking? Wiki can find answers... Quote Fuel hedging is a contractual tool some large fuel consuming companies, such as airlines, cruise lines and trucking companies, use to reduce their exposure to volatile and potentially rising fuel costs. Could mean when SIA sign contracts to purchase the fuel in bulk at a time when fuel prices are high. Enter Covid19 the fuel prices have plummeted to all time low. This could be the loss they are talking about. Edited July 28, 2020 by Watwheels Link to post Share on other sites More sharing options...
Wind30 Turbocharged July 28, 2020 Share July 28, 2020 5 minutes ago, Watwheels said: Wiki can find answers... Could mean when SIA sign contracts to purchase the fuel in bulk at a time when fuel prices are high. Enter Covid19 the fuel prices have plummeted to all time low. This could be the loss they are talking about. I know what it means but after thinking about it, it seems to increases risks as when economy is doing well, u get fuel cheaper and make even more profits... of course when oil demand collapses u get doubly screwed. why did the ceo do such a thing?? So he can look better when times are good? Just stupid and crazy. Link to post Share on other sites More sharing options...
Wt_know Supersonic July 28, 2020 Share July 28, 2020 (edited) 38 minutes ago, Wind30 said: you cannot blame that guy for Covid, but I am wondering about the huge fuel hedge losses SIA took. I wonder what is the point of hedging, is it to minimize risk or to gamble for more profits??? Anyone financially trained can chip in? The fuel hedging rest solely on the CEO.... what was he thinking? yes, cannot blame the CEO for Covid but CEO is responsible for everything ... yes everything in the company did he/she make decisive decision to stop bleeding more than it should did he/she make enough preparation for rainy days did he/she had put in sufficient process and check&balance to mitigate risk yes .. that's CEO responsibilities ... don't tell me no blame culture and let's move on in real world ... CEO gotta bow 90-degrees liao .... $4.2M salary is totally worth it if he/she do the job right Edited July 28, 2020 by Wt_know 1 Link to post Share on other sites More sharing options...
Watwheels Supersonic July 28, 2020 Share July 28, 2020 27 minutes ago, Wind30 said: I know what it means but after thinking about it, it seems to increases risks as when economy is doing well, u get fuel cheaper and make even more profits... of course when oil demand collapses u get doubly screwed. why did the ceo do such a thing?? So he can look better when times are good? Just stupid and crazy. That's why you pay fuel surcharge when you travel. Risks are what they are. It's either a win or loose but who could have foresee what was coming? On hindsight ppl will say it's crazy but if everything went well it's major profiting and whoever is in charge get praises and a big fat bonus. Link to post Share on other sites More sharing options...
inlinesix Supersonic July 28, 2020 Share July 28, 2020 34 minutes ago, Wind30 said: I know what it means but after thinking about it, it seems to increases risks as when economy is doing well, u get fuel cheaper and make even more profits... of course when oil demand collapses u get doubly screwed. why did the ceo do such a thing?? So he can look better when times are good? Just stupid and crazy. Fuel hedging is to reduce P&L volatility. Link to post Share on other sites More sharing options...
ToyotaShuttle 5th Gear July 28, 2020 Share July 28, 2020 3 hours ago, Blueray said: SIA CEO makes $4.2m despite SIA incurring first full-year loss of $212m in 48-year history https://www.onlinecitizenasia.com/2020/07/17/sia-ceo-makes-4-2m-despite-sia-incurring-first-full-year-loss-of-212m-in-48-year-history/ Maybe without him, they would have made a billion dollar loss? 1 Link to post Share on other sites More sharing options...
Blueray Hypersonic July 28, 2020 Share July 28, 2020 12 minutes ago, ToyotaShuttle said: Maybe without him, they would have made a billion dollar loss? his salary can be used to save many ground and air crew jobs ...... Link to post Share on other sites More sharing options...
ToyotaShuttle 5th Gear July 28, 2020 Share July 28, 2020 16 minutes ago, Blueray said: his salary can be used to save many ground and air crew jobs ...... Without him, maybe many more ground and air crew might lose their jobs? CEO is a very important job! You think a ship can sail without a captain? Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 28, 2020 Share July 28, 2020 1 hour ago, Wt_know said: yes, cannot blame the CEO for Covid but CEO is responsible for everything ... yes everything in the company did he/she make decisive decision to stop bleeding more than it should did he/she make enough preparation for rainy days did he/she had put in sufficient process and check&balance to mitigate risk yes .. that's CEO responsibilities ... don't tell me no blame culture and let's move on in real world ... CEO gotta bow 90-degrees liao .... $4.2M salary is totally worth it if he/she do the job right Covid boh pian but everything else make sure answer for it. otherwise just harakiri. Link to post Share on other sites More sharing options...
Wt_know Supersonic July 29, 2020 Share July 29, 2020 will you fly? 1 1 1 Link to post Share on other sites More sharing options...
Philipkee Twincharged July 29, 2020 Share July 29, 2020 1 hour ago, Wt_know said: will you fly? Ask @RadX if it's worth it first, especially the funeral part. Definitely worth it for @Jamesc who will pay double for his MIL to take the flight. 5 Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic July 29, 2020 Share July 29, 2020 2 hours ago, Wt_know said: will you fly? How about this? https://www.channelnewsasia.com/news/asia/china-aviation-airlines-flight-deals-12970086 ↡ Advertisement Link to post Share on other sites More sharing options...
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