Singapore Airlines expected to keep competitive edge despite higher oil prices

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SINGAPORE (May 18): CGS-CIMB Research is maintaining its “Add” call on Singapore Airlines (SIA), with a target price of S$11.75.

The airline company yesterday announced it has reversed out of the red with 4Q18 earnings of S$181.8 million, from losses of S$138.3 million in 4Q17, as FY18 earnings more than doubled from a year ago to S$892.9 million.

4Q17/18 revenue rose 8.2% to S$4.02 billion, from S$3.71 billion a year ago, on the back of stronger passenger and cargo flown revenue, partially offset by...(click on link for full story on theedgesingapore.com)