SIA’s Q3 financials beat street consensus; analysts see early signs of pricing recovery
DBS believes group’s better-than-expected passenger yields are ‘a potential early sign of an inflection point’
Add BT as a preferred source
[SINGAPORE] Singapore Airlines’ (SIA) third-quarter financial performance beat street estimates, with analysts seeing early signs of pricing recovery.
The airline on Tuesday (Feb 24) posted a 25.9 per cent year-on-year improvement in operating profit to S$792 million for the quarter to December. This came even as net profit tumbled 68.9 per cent to S$505 million in the absence of a one-time accounting gain.
It also achieved a record quarterly revenue of S$5.5 billion, up 5.5 per cent on the year.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Room for more offices, homes and green spaces to make Orchard Road more vibrant
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
MAS revises takeover and merger code to enhance competition and disclosures
