For FY net profit, I expect a YoY decline mainly due to higher fuel costs and possible Air India-related impact. Still, SIA’s balance sheet and pricing power remain stronger than most airlines, so I don’t see this as a long-term problem.
As for Air India, I see it as a long-term strategic bet on India’s aviation growth rather than a short-term earnings driver. The key thing I’ll watch this quarter is the dividend — if payouts remain strong, it would show confidence in future cash flow despite rising oil prices.
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- miffsy·05-14 17:13TOPPricing power is the whole game here. Dividend stays intact and this market probably shrugs off fuel pain, anyone else watching load factors first?1Report