The higher-than-expected numbers reflects “the sustained momentum in travel demand and the resilience of consumer spending, hence yields could come in stronger than anticipated,” says Yong on Jan 17.
DBS Group Research’s Paul Yong has kept his “buy” and $6.60 target price on Singapore Airlines, following the flag carrier’s update that it achieved record high passenger load factor of 89.7% in December.
In contrast, the corresponding number for December 2021 was 46.5%.
