Singapore Airlines 2014 Annual Report Download - page 21

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b
fares while increasing capacity. Cargo
yield is expected to remain weak as
the air cargo industry continues to
face challenges from overcapacity.
Fuel prices are expected to remain
at elevated levels, which presents a
continuing challenge to the Group’s
earnings. Against this backdrop, the
Group will maintain discipline in cost
management and proactively make
adjustments to capacity deployment
to match market demand. The Group
is well positioned with its strong
balance sheet to meet the challenges,
and will continue to pursue various
strategic initiatives, as announced.
The Board of Directors has
recommended a final dividend of
11 cents per share for FY2013/14,
as well as a special dividend of
25 cents per share, both to be paid
on 14 August 2014. Including the
interim dividend of 10 cents per share
paid on 3 December 2013, the total
dividend for the 2013/14 financial
year will be 46 cents per share.
to 69.6 per cent, with its 5.6 per
cent growth in traffic lagging behind
capacity injection of 11.7 per cent.
SIA Cargo’s load factor of 62.5 per
cent was 0.9 percentage points lower,
as a 5.1 per cent reduction in freight
carriage (in load tonne-kilometres)
outpaced a 3.6 per cent reduction
in cargo capacity (in capacity
tonne-kilometres).
Looking ahead, the operating
environment for the Group continues
to be challenging with intense
competition in many areas, and
economic uncertainty in key markets.
Yields are expected to remain under
pressure due to promotional activities
undertaken to support loads, and
other airlines offering aggressive
Group revenue
increased $146 million
to $15,244 million.
ba
New Business Class seat
Next generation
KrisWorld in-flight
entertainment system
New First Class seat
a
b
c
019
ANNUAL REPORT FY2013/14