Singapore Airlines Earnings May Peak in FY 2024 -- Market Talk

Dow Jones02-21

0552 GMT - Singapore Airlines' earnings may peak in FY 2024, as the carrier faces continued downward pressure on passenger yields, DBS analysts write in a note. Lower unit costs and traffic growth in 3Q weren't enough to compensate for price pressures from increased competition and rising costs, they say, while passenger yields for both Singapore Airlines and its low-cost carrier Scoot declined faster than expected. DBS expects the airline's shares to fall as the market appears to be in search of a stronger set of results. DBS has a hold rating on the stock with a target price of S$7.00. Singapore Airlines falls 9.6% to S$6.66. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

February 21, 2024 00:52 ET (05:52 GMT)

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DBS expects the airline's shares to fall as the market appears to be in search of a stronger set of results. DBS has a hold rating on the stock with a target price of S$7.00. Singapore Airlines falls 9.6% to S$6.66. 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Lower unit costs and traffic growth in ...</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":"SINGY","symbol_name":"Singapore Airlines Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2413955044","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2413955044","pubTimestamp":1708494720,"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":"0552 GMT - Singapore Airlines' earnings may peak in FY 2024, as the carrier faces continued downward pressure on passenger yields, DBS analysts write in a note. Lower unit costs and traffic growth in 3Q weren't enough to compensate for price pressures from increased competition and rising costs, they say, while passenger yields for both Singapore Airlines and its low-cost carrier Scoot declined faster than expected. DBS expects the airline's shares to fall as the market appears to be in search of a stronger set of results. DBS has a hold rating on the stock with a target price of S$7.00. Singapore Airlines falls 9.6% to S$6.66. 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Singapore Airlines falls 9.6% to S$6.66. 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