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Singapore Air kept at 'buy' by analysts on expected earnings improvement

Samantha Chiew
Samantha Chiew2/18/2019 11:00 AM GMT+08  • 3 min read
Singapore Air kept at 'buy' by analysts on expected earnings improvement
SINGAPORE (Feb 18): Despite a 27% drop in its 3Q19 earnings to $284.1 million, Singapore Airlines (SIA) is a still a “buy” in analysts’ books.
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SINGAPORE (Feb 18): Despite a 27% drop in its 3Q19 earnings to $284.1 million, Singapore Airlines (SIA) is a still a “buy” in analysts’ books.

Revenue for the quarter was 6.5% higher y-o-y at $4.34 billion though, mainly on growth in passenger demand with passenger yields being flat.

For 9M19, group earnings came in at $480.1 million, 53% lower than its 9M18 earnings of $1.02 billion.

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