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SIA's net profit expected to soar 25%
On the back of higher passenger loads and improving cargo profitability.
Singapore’s flag-carrier might reflect a 25% growth in net profit for 4Q17, analysts say.
According to UOB KayHian, the rise in net profit to $150.6m may be brought about by the higher pax loads and improving cargo profitability.
"Potential earnings surprises could come from a further write-down on the TigerAir brand or higher pax yields," it said.
More so, the brokerage firm noted that SIA might be boosted by marginal fuel hedging.
It added, "At the non-operating level, we have imputed 112m in provisions for cargo fines, which SIA has announced, and a further $31m in impairment of TigerAir brand."
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