- The recent sharp drop in jet fuel prices would support SIA’s FY26 financial performance, leading to a 17% lift in our FY26 earnings forecast.
- We keep our SIA's 4QFY25 net profit forecast at S$400m, down 30% y-o-y and 24% q-o-q. Cargo faces more uncertainties in the medium term, but 1QFY26 may benefit from Asia ex-China’s shipment frontloading ahead of US tariff uncertainties.
Singapore Airlines (SIA) released its March 2025 operation data on 15 Apr 25.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Update on network.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Roy Chen CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-04-17
Read also UOB's most recent report:
2026-05-18 Singapore Airlines - FY26 Net Profit A Miss; Well-positioned To Navigate Uncertainties In FY27.
Previous report by UOB:
2026-04-16 Singapore Airlines - Expecting Strong 4QFY26 Earnings, Followed By A Weak 1QFY27 Due To Fuel Price Hit.
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
