By Yi Wei Wong
Singapore Airlines is scheduled to report outcomes for FY 2022 on May 18. Here’s what you want to know:
NET PROFIT FORECAST: The airline is predicted to submit a lack of 895.1 million Singapore {dollars} ($643.1 million), in accordance to a median estimate compiled by FactSet. That would examine with a lack of S$4.27 billion the earlier fiscal yr.
REVENUE FORECAST: Revenue is tipped to have grown to S$7.50 billion within the fiscal yr ended March, in accordance to analyst estimates compiled on FactSet. Revenue got here in at S$3.82 billion a yr earlier.
WHAT TO WATCH:
–PASSENGER TRAFFIC: The outlook for passenger visitors appears to be brighter, particularly after Singapore loosened its border restrictions additional. Analysts from DBS Group Research anticipate Singapore Airlines to outpace its rivals by way of passenger volumes because the city-state is on the forefront of reopening borders.
–AIR FREIGHT RATES: Air-freight charges might stay sturdy for the remainder of 2022 amid disruptions stemming from the Russia-Ukraine conflict, analysts from DBS Group Research mentioned. Investors are additionally probably to be waiting for any indicators that cargo demand might start to get better as soon as manufacturing is resumed throughout factories in China.
Write to Yi Wei Wong at [email protected]
Singapore Airlines Expected to Post Narrowed FY 2022 Loss — Earnings Preview & More Latest News Update
Singapore Airlines Expected to Post Narrowed FY 2022 Loss — Earnings Preview & More Live News
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