Singapore Airlines' 3Q Earnings May Rise on Higher Capacity -- Market Talk

Dow Jones02-19

0917 GMT - Singapore Airlines may see a 19% on-year increase in fiscal 3Q net profit due to a higher capacity base and decline in jet fuel prices, DBS Group Research analysts Tabitha Foo and Jason Sum say in an email. Net profit for the quarter could have been higher, but was likely affected by sticky inflationary pressures and a decline in passenger yields, they say. Earnings will likely peak this financial year ending March, with a decline expected in FY 2025 amid limited room for capacity growth, which has mostly recovered to pre-pandemic levels, the analysts add. They maintain their hold recommendation for the stock with a target price of S$7.00. Shares last traded 0.3% lower at S$7.30.(kimberley.kao@wsj.com)

(END) Dow Jones Newswires

February 19, 2024 04:17 ET (09:17 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2412308907?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-02-19 17:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2412308907","market":"us","top_or_hot":-1,"title":"Singapore Airlines' 3Q Earnings May Rise on Higher Capacity -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0917 GMT - Singapore Airlines may see a 19% on-year increase in fiscal 3Q net profit due to a higher capacity base and decline in jet fuel prices, DBS Group Research analysts Tabitha Foo and Jason Sum say in an email. Net profit for the quarter could have been higher, but was likely affected by sticky inflationary pressures and a decline in passenger yields, they say. Earnings will likely peak this financial year ending March, with a decline expected in FY 2025 amid limited room for capacity growth, which has mostly recovered to pre-pandemic levels, the analysts add. They maintain their hold recommendation for the stock with a target price of S$7.00. Shares last traded 0.3% lower at S$7.30.(kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2024 04:17 ET (09:17 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Airlines' 3Q Earnings May Rise on Higher Capacity -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Airlines' 3Q Earnings May Rise on Higher Capacity -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-19 17:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0917 GMT - Singapore Airlines may see a 19% on-year increase in fiscal 3Q net profit due to a higher capacity base and decline in jet fuel prices, DBS Group Research analysts Tabitha Foo and Jason Sum...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"C6L.SI","symbol_name":"新加坡航空公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2412308907","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2412308907","pubTimestamp":1708334220,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0917 GMT - Singapore Airlines may see a 19% on-year increase in fiscal 3Q net profit due to a higher capacity base and decline in jet fuel prices, DBS Group Research analysts Tabitha Foo and Jason Sum say in an email. Net profit for the quarter could have been higher, but was likely affected by sticky inflationary pressures and a decline in passenger yields, they say. Earnings will likely peak this financial year ending March, with a decline expected in FY 2025 amid limited room for capacity growth, which has mostly recovered to pre-pandemic levels, the analysts add. They maintain their hold recommendation for the stock with a target price of S$7.00. Shares last traded 0.3% lower at S$7.30.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"C6L.SI":"新加坡航空公司","SINGY":"Singapore Airlines Ltd."},"translate_title":"新加坡航空公司第三季度收益可能因运力增加而上升——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C6L.SI":1,"SINGY":0.9},"content_text":"0917 GMT - Singapore Airlines may see a 19% on-year increase in fiscal 3Q net profit due to a higher capacity base and decline in jet fuel prices, DBS Group Research analysts Tabitha Foo and Jason Sum say in an email. Net profit for the quarter could have been higher, but was likely affected by sticky inflationary pressures and a decline in passenger yields, they say. Earnings will likely peak this financial year ending March, with a decline expected in FY 2025 amid limited room for capacity growth, which has mostly recovered to pre-pandemic levels, the analysts add. They maintain their hold recommendation for the stock with a target price of S$7.00. Shares last traded 0.3% lower at S$7.30.(kimberley.kao@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 19, 2024 04:17 ET (09:17 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2412308907"}