Singapore Airlines (C6L.SG) is likely to report 3Q net profit of $371 million from $403.7 million a year earlier as the carrier is likely to provide for a fine for price fixing on air cargo shipments, according to a Dow Jones Newswires poll of five analysts. 

Revenue likely rose to $3.84 billion from $3.42 billion, the poll forecasts. Singapore Airlines said on Dec. 1 that its cargo unit had set aside $61.92 million in the current financial year as provision for an antitrust fine that it has agreed to pay the U.S. Department of Justice. 

 

Challenges remain for the airline, analysts say. “As low-cost operators start to expand their networks into longer-haul destinations, we believe strong demand growth is unlikely. However, SIA is usually able to manage its costs better than its peers,” 

 

Royal Bank of Scotland says in a note to clients. 3Q earnings are due after market close on Friday.