SINGAPORE (July 21): SIA Engineering’s weaker-than-expected results in 1Q FY21 are unlikely to see an improvement in the foreseeable future, according to OCBC Investment Research.

This is because travel demand is likely to remain weak over a longer period, it warns.

Citing an estimate by the International Air Transport Association (IATA), OCBC says travel demand may only recover to pre-Covid-19 levels in 2023.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook