Singapore Airlines’ share price is hitting a 5-year high
and elevated fuel prices, SIA needs to contend with many more headwinds than a year ago.
He admitted that the airline “could have done better” with this introduction and also regarding the removal of appetisers. These missteps caused criticism and the CEO was candid about not reacting fast enough and promised to do better in future.Aside from the above, it’s also instructive to look at the airline’s valuation to determine where we are at this point.The chart above shows the airline’s 12-year price-to-earnings ratio and it has mostly hovered around 25 times P/E except for the 2020 to 2022 period when the group was incurring losses because of the pandemic.
Investors should note that the EPS could be elevated as it was caused by a surge in demand when borders reopened and may not be sustained in the medium term.
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