Singapore Airlines Could Break Even in 1Q

Dow Jones07-17 17:59

0959 GMT - Singapore Airlines could roughly break even in fiscal 1Q, UOB Kay Hian's Roy Chen writes in a note. He cites higher fuel costs and the drag from Air India as factors weighing on the bottom line. However, Chen notes in-line June operational data, with passenger loads driven by travel demand. Cargo loads rose on AI- and data-center-related movements, as well as on the front-loading of e-commerce shipments into Europe before an EU customs duty on small parcels took effect. SIA's profitability could rebound in 2Q despite renewed U.S.-Iran hostilities pushing fuel prices higher, thanks to effective cost pass-through and fuel hedging, the analyst adds. UOB KH retains a hold rating and raises its target price to S$6.76 from S$6.66. Shares ended at S$7.65. (kimberley.kao@wsj.com)

 

(END) Dow Jones Newswires

July 17, 2026 05:59 ET (09:59 GMT)

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