- The International Air Transport Association (IATA) recently announced that passenger traffic demand remained robust in Apr 2023. Total traffic (measured in revenue passenger kilometres (RPK)) rose 45.8% versus Apr 2022. Globally, air traffic is at 90.5% of pre-COVID levels, led by domestic traffic which has surpassed Apr 2019 levels by 2.9%. Meanwhile, international traffic rose 48.0% as compared to Apr 2022, with carriers in Asia Pacific (APAC) continuing to lead the recovery.
- - Read this at SGinvestors.io -
- Going forward, SIA (SGX:C6L) intends to increase its capacity further to around 90% of pre-COVID levels by the end of FY24, as forward passenger sales remain robust across all cabin classes.
Risk-reward profile has become more balanced
- - Read this at SGinvestors.io -
- We believe much of SIA’s recovery due to its first-mover advantage may have already been priced in given the recent rally in its share price, and remain cautious that SIA’s recovery momentum may begin to slow later this year.
Up fair value estimate of SIA to S$7.94
- Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2023-06-14
Read also OCBC's most recent report:
2026-05-15 Singapore Airlines - Playing The Long Game.
Previous report by OCBC:
2026-02-25 Singapore Airlines - Turning The Corner; 9MFY26 Earnings Ahead Of Expectations.
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 Dividend Payout Dates & Corporate Actions,
SIA News
