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

Dow Jones05-20

0150 GMT - Singapore Airlines' earnings may peak in FY 2024, DBS Group Research analysts say in a note. The carrier's earnings are likely to remain elevated above pre-pandemic levels over the next two years, they add. SIA has "limited scope to mitigate pricing and inflationary pressures in a challenging yield environment through further capacity growth," the analysts say; this is because the company's capacity has already been restored to about 98% of pre-pandemic levels, they add. DBS keeps its hold rating on the stock and raised its target price to S$6.50 from S$6.10. Shares are at S$6.76.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

May 19, 2024 21:50 ET (01:50 GMT)

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The carrier's earnings are likely to remain elevated above pre-pandemic levels over the next two...</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":"2436976114","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2436976114","pubTimestamp":1716169800,"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":"0150 GMT - Singapore Airlines' earnings may peak in FY 2024, DBS Group Research analysts say in a note. 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