Airlines around the world have been decimated. Demand is way down because of lock downs and closing of borders and fear. With increasing visibility over the next year for vaccines and treatments, demand will return slowly and hopefully return to normal. SINGY should be able to navigate the next few quarters with their financials.
In the midst of the pandemic, we picked up a few shares and we are safely in the green. Today according to an airline rating company, " Air New Zealand AIR, came in second place, while Singapore Airlines took the third spot as well as ranking best for first-class accommodations." Looking good long term, we are getting a great company in SINGY and when the dust settles, we should be getting a dividend again.
The most serious problem is that Singapore has no domestic routes. All foreign tourists have to be quarantined for 14 days, and this phenomenon will not improve until 2022.Reply to break-even point will not be until 2024 at the earliest.$SINGAPORE AIRLINES LTD(C6L.SI)$
Beyond that, SINGY will have lots of opportunities to grow and that is exciting as a patient long.
SINGY had hardly moved from the bottom, but it has a great opportunity to own an iconic brand in air travel.
resource: Finance Yahoo
Comments