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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