To The Moon

SIA ramps up Asia flights, while adjust flights to Americas and Europe

$SINGAPORE AIRLINES LTD(C6L.SI)$  announced its plans to boost frequencies to destinations across East Asia and Southeast Asia, and increase Airbus A380 services to Australia during the Northern Summer season in Mar-Oct'23. SIA's flight frequencies will reach or exceed pre-pandemic levels in multiple destinations across East Asia and Southeast Asia by Mar'24. Frequencies for flights to Los Angeles, Seattle and Houston will be reduced and SIA will operate Boeing 777-300ER instead of Airbus A380 for the daily Singapore-Frankfurt-New York service. As SIA's flight frequencies reach or even exceed pre-pandemic levels, profitability looks set to return to pre-covid levels. This should be a very good chance to accumulate while the share price has yet to reach pre-covid levels. I am quite vested in this stock and could be biased in my views. Hence, DYODD before making any trading decisions.