Singapore Airlines - Phillip Securities 2025-05-19: Better-than-expected FY25 Dividend Of 40 Cents

• SIA proposed a total dividends of 40 cents for FY25, representing a payout ratio of 46%, or 71% after adjusting for non-recurring items. See SIA's dividends payout dates.
• - Read this at SGinvestors.io -
• Passengers carried by SIA and Scoot rose 8.1% y-o-y. However, PLF declined by 1.4ppts to 86.6%, as pax traffic growth of 6.4% lagged capacity expansion of 8.2%. Pax yields dropped 5.5% to 10.3 cents/pkm, pressured by intensified competition from industry-wide capacity increases.
• We expect FY26e earnings to be supported by declining jet fuel prices and a depreciating US$. While yields are expected to continue their downward trajectory, we foresee that they will remain above pre-COVID levels.
• - Read this at SGinvestors.io -

The Positives

Record passenger carriage.

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Previous report by Phillip:
2025-02-24 Singapore Airlines - Better Than Expected 3QFY25 Performance.

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