On a quarterly basis, 4QFY2025 passenger capacity and passenger load rose 2.9% y-o-y and 2.8% y-o-y respectively, with passenger load largely flat y-o-y at 86.4% in the period.
UOB Kay Hian (UOBKH) analyst Roy Chen is keeping his “hold” call on flag carrier Singapore Airlines (SGX:C6L
) group (SIA) at a raised target price (TP) of $6.22 from $6.09 previously following a March operation data update.
In the month, passenger load dropped 0.8% y-o-y to 104.9% of pre-pandemic levels, partly due to the shift in the Easter holiday from March in 2024 to April in 2025, while group passenger load factor stood at 84.7%, down 3.0 percentage points (ppts) y-o-y.
