SIA Cadet Pilot - All Batches, Merged
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Join Date: Aug 2011
Location: Singapoore
Age: 36
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Economic recovery is being delayed.
Airlines is delaying deliveries
Cadet is thus being delayed too
Last yr while I was at the interviews, many cadets are still waiting in between for type ratings after getting CPL. Flying 1 - 2 hours is better then no flying, afterall its free and they pay you for that.
With little or no hours in Singapore, we don't really have much of a choice.
Airlines is delaying deliveries
Cadet is thus being delayed too
Last yr while I was at the interviews, many cadets are still waiting in between for type ratings after getting CPL. Flying 1 - 2 hours is better then no flying, afterall its free and they pay you for that.
With little or no hours in Singapore, we don't really have much of a choice.
Join Date: Sep 2010
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SIA's full-year net profit down 69%
SINGAPORE: Singapore Airlines' full-year profit slumped 69 percent year-on-year after a fourth-quarter loss due to high oil prices and global economic uncertainty, the leading Asian carrier said on Wednesday.
Net profit for the year to March plunged to S$336 million ($268 million) on group revenues of S$14.86 billion, the carrier reported in a statement.
In the fourth quarter, the airline said it suffered a net loss of S$38.2 million, down from a profit of S$171 million in the same period a year ago.
It was the third quarterly loss in the history of the company, which is also facing stiff competition from other premium carriers from the oil-rich Middle East as well as from the growing ranks of budget carriers.
"Fuel prices are expected to remain at high levels, which will adversely impact the group's operating performance," the airline said.
About 40 percent of SIA's revenue for the financial year was spent on fuel, it said, as jet fuel prices rose 32 percent year-on-year.
SIA was also hampered by its exposure to European and US markets, where travellers are cutting back due to economic headwinds from the eurozone debt crisis as well as persistent worries over America's economic recovery.
Brendan Sobie, a Singapore-based analyst with the consultancy Centre for Aviation, said SIA was not alone as it grappled with challenges before the aviation industry.
"The market is very challenging right now and really has been for some time. It came out of the downturn that we saw in 2009 but it's been pretty challenging for several years really," he told AFP.
Other regional airlines were also struggling, he said, noting that Hong Kong flag carrier Cathay Pacific had just put out a profit warning, saying it expects "disappointing" 2012 first half results.
The International Air Transport Association in March cut its forecast for the sector's net profits this year to $3 billion, down from its earlier forecast of $3.5 billion.
SIA's new budget long-haul budget offshoot Scoot - which will embark on its maiden flight in June - will likely offer little financial relief, Sobie said.
"In this new fiscal year you have all the start up costs for Scoot and you have what at least initially will be a small operation," he said.
While it remained in the black for the full year, SIA faces formidable challenges due to continued high oil prices and slackening travel demand in Europe and the US.
SIA is "stuck in a very challenging situation and they're sandwiched on all sides by a combination of bad factors," Sobie added.
The group suffered its first ever quarterly loss in the three months to June 2003 after a health scare caused by the flu-like Severe Acute Respiratory Syndrome (SARS) sent global travel demand reeling.
The carrier's second quarterly loss came six years later in June 2009 when demand was hit by a global financial crisis that followed the collapse of US bank Lehman Brothers.
SINGAPORE: Singapore Airlines' full-year profit slumped 69 percent year-on-year after a fourth-quarter loss due to high oil prices and global economic uncertainty, the leading Asian carrier said on Wednesday.
Net profit for the year to March plunged to S$336 million ($268 million) on group revenues of S$14.86 billion, the carrier reported in a statement.
In the fourth quarter, the airline said it suffered a net loss of S$38.2 million, down from a profit of S$171 million in the same period a year ago.
It was the third quarterly loss in the history of the company, which is also facing stiff competition from other premium carriers from the oil-rich Middle East as well as from the growing ranks of budget carriers.
"Fuel prices are expected to remain at high levels, which will adversely impact the group's operating performance," the airline said.
About 40 percent of SIA's revenue for the financial year was spent on fuel, it said, as jet fuel prices rose 32 percent year-on-year.
SIA was also hampered by its exposure to European and US markets, where travellers are cutting back due to economic headwinds from the eurozone debt crisis as well as persistent worries over America's economic recovery.
Brendan Sobie, a Singapore-based analyst with the consultancy Centre for Aviation, said SIA was not alone as it grappled with challenges before the aviation industry.
"The market is very challenging right now and really has been for some time. It came out of the downturn that we saw in 2009 but it's been pretty challenging for several years really," he told AFP.
Other regional airlines were also struggling, he said, noting that Hong Kong flag carrier Cathay Pacific had just put out a profit warning, saying it expects "disappointing" 2012 first half results.
The International Air Transport Association in March cut its forecast for the sector's net profits this year to $3 billion, down from its earlier forecast of $3.5 billion.
SIA's new budget long-haul budget offshoot Scoot - which will embark on its maiden flight in June - will likely offer little financial relief, Sobie said.
"In this new fiscal year you have all the start up costs for Scoot and you have what at least initially will be a small operation," he said.
While it remained in the black for the full year, SIA faces formidable challenges due to continued high oil prices and slackening travel demand in Europe and the US.
SIA is "stuck in a very challenging situation and they're sandwiched on all sides by a combination of bad factors," Sobie added.
The group suffered its first ever quarterly loss in the three months to June 2003 after a health scare caused by the flu-like Severe Acute Respiratory Syndrome (SARS) sent global travel demand reeling.
The carrier's second quarterly loss came six years later in June 2009 when demand was hit by a global financial crisis that followed the collapse of US bank Lehman Brothers.
Join Date: Dec 2007
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Here is an update.
SQ profit down over 65%
SQ has asked pilots to take a leave of absence
SQ is currently in talks to delay aircraft
SQ could furlough if they don't get enough to take a leave
Hope for the best but with fuel prices high and low demand it could be a few years. It's aviation change is constant.
SQ profit down over 65%
SQ has asked pilots to take a leave of absence
SQ is currently in talks to delay aircraft
SQ could furlough if they don't get enough to take a leave
Hope for the best but with fuel prices high and low demand it could be a few years. It's aviation change is constant.
Last edited by mach92; 12th May 2012 at 03:04.
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This is just the last section of the Singapore Airlines Financial Results Briefing held at the SIA training centre on the 10th of May which might be of interest to many here. Here goes:
Ms. Kyung-Hee Park, Bloomberg: Hi, Kyung-Hee Park from Bloomberg. You earlier announced that you would be giving unpaid leave for some of your junior cadets. Cathay yesterday came out and said they’re going to do unpaid leave for their cabin crew. Are there any similar plans SIA is looking at right now? Thank you.
Mr. Ng Chin Hwee: I think the circumstances of Cathay and ours are quite different obviously. The voluntary no pay leave that we have undertook for our first officers, as you explained earlier, was actually an outcome of the excess that came about from the global financial crisis, and obviously the - this year, rather the year just past wasn’t a very strong one, so we couldn’t grow as high as we had planned. It doesn’t mean that there will be no plans to increase capacity going forward. So as a result there is a temporary excess of first officers for a time being. This should not be seen really as a retrenchment exercise of any sort. First of all it’s voluntary. Secondly it’s only for a brief period of time and indeed going forward we may have to continue to recruit more potential cadet pilots to plan for the operating
plans three years ahead. That’s the kind of lead time we are talking about. So to put the record straight, there’s no plans at all to do at this point in time, to have any form of no pay leave for the cabin crew, nor for the captains of the cockpit crew.
Mr Ng Chin Hwee is the vice president for HR and operations at Singapore Airlines incase anyone is curious who he is.
Ms. Kyung-Hee Park, Bloomberg: Hi, Kyung-Hee Park from Bloomberg. You earlier announced that you would be giving unpaid leave for some of your junior cadets. Cathay yesterday came out and said they’re going to do unpaid leave for their cabin crew. Are there any similar plans SIA is looking at right now? Thank you.
Mr. Ng Chin Hwee: I think the circumstances of Cathay and ours are quite different obviously. The voluntary no pay leave that we have undertook for our first officers, as you explained earlier, was actually an outcome of the excess that came about from the global financial crisis, and obviously the - this year, rather the year just past wasn’t a very strong one, so we couldn’t grow as high as we had planned. It doesn’t mean that there will be no plans to increase capacity going forward. So as a result there is a temporary excess of first officers for a time being. This should not be seen really as a retrenchment exercise of any sort. First of all it’s voluntary. Secondly it’s only for a brief period of time and indeed going forward we may have to continue to recruit more potential cadet pilots to plan for the operating
plans three years ahead. That’s the kind of lead time we are talking about. So to put the record straight, there’s no plans at all to do at this point in time, to have any form of no pay leave for the cabin crew, nor for the captains of the cockpit crew.
Mr Ng Chin Hwee is the vice president for HR and operations at Singapore Airlines incase anyone is curious who he is.
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Mr Ng Chin Hwee is the vice president for HR and operations at Singapore Airlines incase anyone is curious who he is.
Join Date: Aug 2011
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No Chance of cadets being sent to scoot, I have asked the SIA capt last year during first round of interview. It seems like Jetstar Asia also will not be hiring for the foreseeable future.
