Air India woes expected to keep Singapore Airlines’ earnings under pressure after 82% profit plunge, analysts warn [MSNBC.com]
SINGAPORE AIRLNS UNSP/ADR (SINGY)
NASDAQ:AMEX Investor Relations:
singaporeair.com/en_uk/sg/about-us/information-for-investors
Company Research
Source: MSNBC.com
An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024.Nurphoto | Nurphoto | Getty ImagesShares of Singapore Airlines slipped 3% on Friday as analysts warned that persistent losses at Air India could weigh on the group's earnings, following a steep quarterly profit miss.second-quarter earningsHowever, the city-state's flag carrier announced that it would pay a special dividend of 10 Singapore cents per share annually over three financial years, amounting to about 900 million Singapore dollars. An interim dividend of 5 Singapore cents per share for the half-year ended Sept. 30 would also be paid on Dec. 23.SIA's profitability will likely remain subdued in the near term due to Air India-related losses, combined with yield pressures and volatility in the cargo market, Tabitha Foo, an equity research analyst at DBS Bank, told CNBC."Given the scale of its restructuring, meaningful profit recovery fo
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