SIA Sees Accelerating Operating Profit Growth in 3Q; FVE Raised to SGD 11 per Share
No-moat Singapore Airlines', or SIA’s, strong operating performance continued into the third quarter, with cumulative net income and revenue rising 45% year on year and 6% year on year, respectively. All business segments registered notable improvement on the back of the recent pickup in the global aviation industry, and we bump our full-year net income estimate and top line by 56% and 3%, respectively, to SGD 641 million and SGD 15.6 billion, reflecting the stronger-than-expected ticket pricing...
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