$SINGAPORE AIRLINES LTD(C6L.SI)$
China tourists are one of our largest inbound tourism. With the continued lockdown in China, this segment is greatly impacted.
Other countries of inbound tourism are facing economic challenges, hence not many are arriving at our shores so soon.
Our outbound tourists could be less impacted but the volume is slowly rising due to rising airfare and lesser disposable income with inflationary pressure.
European countries are facing energy shortages due to supply chain disruptions from Russia, hence domestic problems may lessen their desire to travel.
Covid is still lingering in almost every countries. People are still worried of stuck overseas in an emergency,less though risk takers.
So despite SIA making some revenue, it is still not as profitable.
So I am bearish about it despite my love for the national airline. Never fall in love with any stock is my philosophy
Sharing my views only. Trade with your own investment principles.
Best wishes.
Comments
Economy is not doing well now, customers may withhold spending.
I doubt the share will go back to its original high prices
@Jovy1234