Whalesbook
Asal mein hua kya hai ki company ka reported net profit ekdum se S$1.594 billion gir kar S$1.184 billion ho gaya hai FY26 mein. Ye koi business down hone ki wajah se nahi hai, balki pichle saal jo Vistara aur Air India merger complete hone par S$1.098 billion ka non-cash gain mila tha, woh is baar nahi hai. Plus, associate company Air India se S$846 million ka loss bhi dikhaya hai is baar, jo last time se kaafi zyada hai.
Lekin asli kaam dekho toh operational side pe toh SIA ne dhamaal macha diya! Revenue ekdum record level par pahunch gaya, S$20.522 billion ho gaya, jo pichle saal se 5% zyada hai. Sabse zyada passengers ride kiye, 42.4 million log! Operating profit bhi 39% bhaga aur S$2.375 billion tak pahunch gaya. Kharcha S$18.148 billion tak gaya, jo 1.8% zyada hai, par phir bhi company ne sab manage kar liya.
Ab pure Asian market ki baat karein toh, passenger toh bohot aa rahe hain, 7.3% growth expected hai Asia Pacific mein, par fuel prices aur global tension ki wajah se airline companies ka profit margin tight ho raha hai. Competition mein Cathay Pacific bhi hai jo bohot bade fleet ke saath hai. Wahi, Skytrax ne toh SIA ko 2nd best airline bataya hai 2026 mein, kamaal hai na!
Lekin sabse bada matter jo SIA ke liye headache ban raha hai, woh hai Air India mein uska investment. Air India ka khud ka loss USD 2.4 billion (matlab SGD 3 billion) cross kar gaya FY26 mein. Aur SIA ka jo 25.1% stake hai, uski wajah se S$846 million ka nuksan SIA ke results mein dikh raha hai. Analysts keh rahe hain ki Air India ko aur paisa lagana pad sakta hai, jisse SIA par financial pressure aa sakta hai. Stock bhi last year 8.5% gira hai. Aur valuation bhi thoda zyada lag raha hai, P/E ratio 17.05 hai jo 10 saal ke average 13.52 se upar hai.
Itni sab dikkaton ke baad bhi, SIA ne 37 cents per share ka dividend propose kiya hai, jo dikhata hai ki company apne core business par confident hai. Air India mein investment unki long-term strategy ka hissa hai, specially India ke booming aviation market mein. Management usko theek karne mein lagi hai, par fuel prices aur supply chain issues abhi bhi challenge hain. Overall, airline ka kaam thik chal raha hai aur travel demand bhi solid hai.