Q3 2023 earnings season: What to expect from Singapore Airlines
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Singapore Airlines has once again been honored with the Best Airline and Best First Class Airline awards at the 2023 World Airline Awards, making it the fifth consecutive year that the airline has achieved this distinction.
Air travel, suppressed by the pandemic, saw a significant recovery in 2022-2023. SIA promptly scaled up its capacity to meet the ongoing surge in demand. According to the AAPA March Transport Report, SIA's PLF skyrocketed by 55.3%, hitting 85.4%.
SIA's annual report for 2022/23 indicates that the Group's full-year revenue increased by 133.4%, amounting to S$17.78 billion. Passenger revenue also witnessed a substantial increase, surging by 376.3% YoY to S$13.37 billion.
Many investors are bullish on SIA's growth prospects. Analysts anticipate another record earnings year for SIA in FY2024, with a core net profit of $3.4 billion projected by the end of March 2024, fueled by low jet fuel prices. Raymond Yap, an analyst at CGS CIMB, forecasts that SIA will pay out a dividend per share of 38 cents for the current financial year, up from the 28 cents per share it paid last financial year.
Despite positive projections, $SIA(C6L.SG)$ saw significant share price movement during recent months on the SGX. As of last week, Singapore Airlines' closing price was S$5.97, with a week VWAP of S$6.14 and a Week Px decrease of 7.3%. Based on Refinitiv's market consensus, SIA's target price on 23 October is expected to be S$6.868, with most analysts believing the stock price is undervalued.
The Q3 financial report for SIA is expected to be released on 7 November. Do you have a positive outlook on SIA's Q3 earnings performance? What is your assessment of SIA's potential for the upcoming quarter? Will you consider investing in SIA to diversify your portfolio?![]()
1. Have you ever flown with Singapore Airlines before, and if so, how would you rate your experience?
2. What is your outlook on the prospects of Singapore Airlines? Are you optimistic about its development in the next quarter?
3. Will you consider investing in SIA to diversify your investment portfolio in the near future? Why？
6 Nov - 20 Nov
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DukeSteven : More pay out
MONDAY86 : Singapore Airlines (Singapore Airlines, “Singapore Airlines” for short) is Singapore's national flagship airline. It was founded in 1972 and is famous for its impeccable quality service around the world. The flight attendants wear the traditional Peranakan costume, kebaya (kabaya), which provides thorough care to passengers, making the image of the “new flight attendant” deeply entrenched in the hearts of the people.
After the pandemic, Singapore Airlines (SIA)$C6L.SG$ Post strong quarterly results. Singapore Airlines has mainly benefited from the strong growth of its own economy and a model of good education to attract people from other countries to Singapore. There is also a sharp increase in air travelers from other countries and regions to and through Singapore, continued strong cargo market demand and profitability, and the Group's flexible response. Almost all operational routes have resumed operations.
The improvement in passenger and cargo revenue of Singapore Airlines Group boosted its revenue by 117.1% year over year to S$2,316 billion.
Currently, the prospects for a further recovery in air travel are “still hopeful,” citing China's reopening and an increase in international tourist visits to Singapore. Singapore Airlines Group also stated that it is optimistic about the prospects for the recovery of aviation business.
In this year's Skytrax Global Airline Awards, Singapore Airlines won four awards: “World's Best Airline,” “Best First Class,” “Best First Class Amenities,” and “Asia's Best Airline.” Scoot, a low-cost airline owned by Singapore Airlines Group, also won the “Best Long-Haul Low-Cost Airline” in this selection, and ranked second in the “World's Best Low-Cost Airline” category.
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HengHoHuat : 70% of my flights all by SIA, especially long distance flights. In term of service, safety and comfort, no other airline can complete in all the 3 areas. Maybe they can win SIA 1 or 2 items but not all 3.