- Singapore Airlines (SIA)'s 2QFY23 net income of S$556.5m (+50.2% q-o-q, vs net loss of S$427.6m in 2QFY22) surpassed expectations. 1HFY23 net income amounted to S$926.9m, accounting for 60%/79% of DBS/consensus’ full-year estimate respectively. Operating profit of S$678.0 represents a new quarterly high for the group. See SIA's announcement dated 04 Nov 2022.
- - Read this at SGinvestors.io -
- Overall operating metrics were robust, with passenger capacity reaching ~67% of pre-pandemic levels during the quarter, passenger load factors topping previous records (86.5% during the quarter), and passenger yields strengthening slightly on a sequential basis.
- - Read this at SGinvestors.io -
SIA – Outlook and investment recommendation
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Paul YONG CFA DBS Group Research | Jason SUM DBS Research | https://www.dbs.com/insightsdirect/ 2022-11-08
Read also DBS's most recent report:
2024-02-22 Singapore Airlines - Dual Turbulence - Navigating Pricing & Cost Pressures.
Previous report by DBS:
2024-01-18 Singapore Airlines (SIA) - Limited Upside As Earnings Peak.
Price targets by 4 other brokers at SIA Target Prices.
Listing of research reports at SIA Analyst Reports.
Relevant links:
SIA Share Price History,
SIA Announcements,
SIA Dividends & Corporate Actions,
SIA News Articles
