Singapore Airlines' Passenger Yields Likely to Continue Easing -- Market Talk

Dow Jones2024-11-11

0846 GMT - Singapore Airlines' passenger yields are likely on a moderating trajectory, says Ada Lim, equity analyst at OCBC Investment Research. Other airlines are progressively adding capacity as they recover from the pandemic, and SIA's management has said the intensifying competition is pressuring its full-service carrier's segment performance, Lim writes in a note. Margins could also come under pressure amid higher handling and passenger costs due to inflationary cost pressures, Lim says. Changi Airport's higher airlines fees will likely hurt margins further, Lim adds. OCBC retains a hold rating on the stock but trims its fair-value estimate to S$6.30 from S$6.84. Shares are 2.5% lower at S$6.29. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

November 11, 2024 03:46 ET (08:46 GMT)

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Changi Airport's higher airlines fees will likely hurt margins further, Lim adds. OCBC retains a hold rating on the stock but trims its fair-value estimate to S$6.30 from S$6.84. Shares are 2.5% lower at S$6.29. 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Other airlines are progressively adding capacity as ...</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":"SG9999013486.USD","symbol_name":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2482082274","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482082274","pubTimestamp":1731314760,"columns":[],"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":"0846 GMT - Singapore Airlines' passenger yields are likely on a moderating trajectory, says Ada Lim, equity analyst at OCBC Investment Research. Other airlines are progressively adding capacity as they recover from the pandemic, and SIA's management has said the intensifying competition is pressuring its full-service carrier's segment performance, Lim writes in a note. Margins could also come under pressure amid higher handling and passenger costs due to inflationary cost pressures, Lim says. Changi Airport's higher airlines fees will likely hurt margins further, Lim adds. OCBC retains a hold rating on the stock but trims its fair-value estimate to S$6.30 from S$6.84. Shares are 2.5% lower at S$6.29. 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Other airlines are progressively adding capacity as they recover from the pandemic, and SIA's management has said the intensifying competition is pressuring its full-service carrier's segment performance, Lim writes in a note. Margins could also come under pressure amid higher handling and passenger costs due to inflationary cost pressures, Lim says. Changi Airport's higher airlines fees will likely hurt margins further, Lim adds. OCBC retains a hold rating on the stock but trims its fair-value estimate to S$6.30 from S$6.84. Shares are 2.5% lower at S$6.29. 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