Singapore Airlines (SIA) - UOB Kay Hian 2025-04-17: Sharp Drop In Jet Fuel Prices Lifts FY26-27 Earnings Prospects.

• 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/.

Previous report by UOB:
2025-01-16 SIA - Expect Decent Core Earnings In 3QFY25; But High Valuation A Concern.

Price targets by 5 other brokers at SIA Target Prices.

Listing of research reports at SIA Analyst Reports.

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SIA News