Singapore Airlines expected to be profitable in FY2023, analyst consensus shows

SINGAPORE Airlines (SIA) is expected to return to profitability on an annual basis in FY2023, according to analysts’ estimates. 

The carrier’s chief Goh Choon Phong, at an earnings briefing on Thursday (May 19), first pointed to it already being operationally profitable for the second half of FY2022 to March, and then suggested that one look to analysts for estimates, when asked about the timing of SIA’s return to profitability.

According to the analysts polled by Bloomberg, the mainboard-listed airline should be able to generate about S$160 million in net profit or earnings per share of 3.7 cents on a turnover of S$13.1 billion for FY2023 to March 2023.