- We expect SIA’s earnings to go downhill in the next two years, driven by pax and cargo yield moderation as competition catches up, but still meaningfully above pre-pandemic levels with SIA’s strengthened market leading position.
SIA's FY24 results in line.
- - Read this at SGinvestors.io -
- Group revenue rose 7.0% y-o-y in FY24, driven by recovery in both pax (+26.6% y-o-y) and cargo volume (+1.7% y-o-y), but offset by moderated pax (-7.6% y-o-y) and cargo (-42.2% y-o-y) yields.
Final dividend of 38 cents slightly above expectations.
- - Read this at SGinvestors.io -
- SIA's dividends of 48 cents for FY24 was slightly higher than our expected range of 38-45 cents.
Redeeming all remaining MCBs as expected.
- Read more at SGinvestors.io.
