Earnings Alerts

Singapore Airlines (SIA) Earnings: Strong September Passenger Load Factor at 86.8% Boosts Outlook

By October 15, 2026 No Comments
  • Singapore Airlines reported a passenger load factor of 86.8% for September.
  • The airlines carried a total of 3.51 million passengers during the month.
  • The cargo load factor for the group was recorded at 59.6%.
  • Total cargo and mail transported was 102.2 million kilograms.
  • Available seat kilometers for the airlines increased by 3.1%.
  • Revenue passenger kilometers saw a rise of 2.8%.
  • Analyst recommendations include 2 buy ratings, 10 hold ratings, and 4 sell ratings for the company’s stock.

Singapore Airlines on Smartkarma

Analyst coverage of Singapore Airlines on Smartkarma reveals varying sentiments from top independent analysts. Henry Soediarko‘s report, “SINGAPORE AIRLINES (SIA): Bloody,” highlights the company’s strong share price performance, tempered by losses from Air India and fuel hedging issues, with expectations of more capital calls ahead, presenting a negative outlook for SIA’s investment.

On the other hand, Soediarko’s “Singapore Air (SIA): Capturing China Rebound” report demonstrates a bullish stance, citing the potential margin improvements through SIA’s joint venture with Air China, despite ongoing challenges from Air India crisis. Meanwhile, Mo Aziz‘s analysis in “Singapore Airlines: Did Very Well in FY26, but FY27 Will Be Much Tougher” warns of tough times ahead for SIA in FY27, emphasizing anticipated losses and fuel cost spikes, suggesting caution for investors.


A look at Singapore Airlines Smart Scores

Factor Score Magnitude
Value 3
Dividend 4
Growth 3
Resilience 3
Momentum 4
OVERALL SMART SCORE 3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Singapore Airlines shows a positive long-term outlook. With strong scores in Dividend and Momentum at 4, it indicates that the company is performing well in terms of rewarding investors and its stock’s price momentum. Value, Growth, and Resilience scores at 3 each suggest a stable performance across these factors, which may contribute to the company’s overall health and sustainability over time. As the flag carrier of Singapore, Singapore Airlines has established itself as a key player in the international air transportation sector, providing full-service flights and operating a dual-brand strategy to cater to a diverse range of customers.

Having been incorporated in 1972, the company has a deep-rooted history in the aviation industry and continues to evolve its services, including the operation of the low-cost carrier Scoot. Headquartered in Airline House, Changi, Singapore, Singapore Airlines strategically positions itself to serve global destinations and maintain a competitive edge in the market. With a balanced mix of strong dividend payouts, positive momentum, and a focus on value and growth, Singapore Airlines appears well-positioned to navigate future challenges and capitalize on opportunities in the aviation sector in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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