- Singapore Airlines (SIA)’s pax load factor remained below pre-pandemic levels for the second consecutive month in Aug 24, although pax capacity supply was still marginally below pre-pandemic levels. This is a confirmative sign that SIA is facing increased competition, in our view.
- - Read this at SGinvestors.io -
Key highlights for SIA's Aug 24 operation data:
Pax load factor below pre-pandemic levels for a second straight month, a sign of competition catching up.
- - Read this at SGinvestors.io -
- See SIA's announcement dated 16 September – On a y-o-y basis, pax load factor dipped 2.5ppt, as pax capacity supply growth outpaced pax load recovery. We believe the weaker-than-expected pax load factor in Aug 24 is a confirmative sign that competition is catching up faster than our previous expectation.
Cargo data recovery continued, but at a moderate pace.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Roy Chen CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-09-17
Read also UOB's most recent report:
2024-11-12 Singapore Airlines (SIA) - 1HFY25 Earnings Miss Expectations On Slightly Higher-than-expected Costs.
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
