This means SIA’s aggressive price discounting to promote demand has not been able to enhance network connectivity and offset its non-profitable long haul routes.
SINGAPORE (May 22): UOB Kay Hian is maintaining its “hold” call on Singapore Airlines (SIA), suggesting investors enter at $9.00 with a revised target price of $10.00, down from $10.10.
Analyst K Ajith found the 5% rise in the parent airline’s non-fuel cost and SIA’s inability to pass on at least part of the fuel cost increases troubling.
