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Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst

While Raymond Yap of CGS International anticipates that the airline will pay a final dividend of S$0.38 per share, he entertains the possibility of SIA sweetening the reward to S$0.42

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Tay Peck Gek

Tay Peck Gek

Published Tue, Apr 30, 2024 · 12:34 PM
    • The carrier could be posting a core net profit of S$550 million or earnings before interest and tax of S$600 million for the fourth quarter of FY2024 to March.
    • The carrier could be posting a core net profit of S$550 million or earnings before interest and tax of S$600 million for the fourth quarter of FY2024 to March. PHOTO: PIXABAY

    SINGAPORE Airlines (SIA) might post its highest-ever net profit of almost S$2.7 billion for FY2024 and reward shareholders with a final dividend of S$0.38 a share, said CGS International analyst Raymond Yap.

    The analyst, however, expects earnings of the national carrier to come under pressure from FY2025 from compressed yields, higher operating costs and limited capacity increase.

    Yap was one of seven industry watchers who recommended “hold” for this stock, while three suggested “sell” and two “buy”, according to Bloomberg.

    Singapore AirlinesFinancial resultsAirlinesSpotlight

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