Is SIA about to be kicked out of the Kangaroo route?

SINGAPORE (Dec 21): Singapore Airlines Group is not about to feel the year-end holiday cheer as its passenger load factor deteriorated further in November, in what is typically the peak season for travel.

Instead, passenger load factor fell 1.9 percentage points on the group level, due to lower passenger traffic and the lowest passenger load in 8 months of 76.9%. In fact, with the exception of Tigerair, all other subsidiaries had lower passenger loads.

“The continued weakness in loads in the peak travel period does not bode well for peak 3Q earnings expectations,” said UOB Kay Hian’s analysts K Ajith and Sophie Leung.

---

Related Stories

• Brokers’ Digest: CDL, PropNex, PLife REIT, KIT, SingPost, Grand Banks Yachts, Nio, Frencken, ST Engineering, UOB
• Prospects of better FY2025 earnings inspire new ideas for ThaiBev
• Buying into China stimulus Is ‘painful trade’, Lombard Odier says

---