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

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.