SIA Group's passenger traffic increases 'significantly' in April following eased Covid-19 travel measures
$SIA(C6L.SG$ SIA's latest operating resultes released on Yesterday (May 17) showed that the two airlines carried around 1216% more passengers in April compared to a year ago. The number of passengers in April is also up 62.7% from March 2022.
The demand for air travel increased significantly last month as Singapore eased travel restrictions, allowing vistors to enter the country quarantine-free and without on-arrival COVID-19 test.
Is it good to invest in Airlines right now?
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UNeverSleppWell : Not sure yet. Airline stocks have many uncertainties and high volatility
Small bull : SIA depends on international flights which is still not recovered yet. All the news and advertisements are just gimmicks from governments, fund managers and businessmen.
They ask u buy the dip so they can sell off to you, then u feel the pain from your greediness. All major airlines with domestic flights still loosing big time, so how can non domestic airline start profit yet? Moreover SIA price/earnings is still too high. And now SIA lost near 1 billion in their earnings? They think 1 billion is small? 1 billion can buy few big companies!