0832 GMT - Singapore Airlines' 1Q bottom line is expected to come near breakeven as it remains well positioned to navigate uncertainties, UOB Kay Hian analyst Roy Chen says. SIA's strong fuel hedging position will help offset a sizeable portion of jet fuel cost pressures in the coming quarters, Chen says. He adds that associate Air India, which lacks fuel hedging, is likely to post wider losses, and will likely be a bigger drag for SIA in the current fiscal year. UOBKH raises its FY27 earnings forecast by 15% to S$964 million and retains a hold rating on the stock with a target price of S$6.64. Shares are 0.2% lower at S$6.41. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
May 18, 2026 04:32 ET (08:32 GMT)
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