0134 GMT - Singapore Airlines' FY 2026 earnings could benefit from the recent fall in jet fuel prices, UOB Kay Hian's Roy Chen says in a research report. Prices have dropped around 8% over the past two weeks owing to global recessionary fears, the analyst notes. Assuming jet fuel prices stay at the current level of about US$84/bbl, SIA's average fuel cost per unit of capacity after hedging in FY 2026 would be about 9% lower than FY 2025 average levels, the analyst estimates. The brokerage lifts its FY 2026 and FY 2027 earnings forecasts for SIA by 17% and 6%, respectively. It raises the stock's target price to S$6.22 from S$6.09 with an unchanged hold rating. Shares are 0.2% higher at S$6.39. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 20, 2025 21:34 ET (01:34 GMT)
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