Passenger traffic growth continued to outpace seat capacity growth across all sectors, and yields should improve as a result. Improved passenger yields and higher load factors should lead to a better profit in 3Q18.
SINGAPORE (Jan 16): UOB Kay Hian is maintaining its "buy" on Singapore Airlines with $11.90 target price given the group's passenger and cargo load factors improved significantly in December as load factors for the parent airline and SIA cargo hit the highest in 10 years.
