0846 GMT - Singapore Airlines' passenger yields are likely on a moderating trajectory, says Ada Lim, equity analyst at OCBC Investment Research. Other airlines are progressively adding capacity as they recover from the pandemic, and SIA's management has said the intensifying competition is pressuring its full-service carrier's segment performance, Lim writes in a note. Margins could also come under pressure amid higher handling and passenger costs due to inflationary cost pressures, Lim says. Changi Airport's higher airlines fees will likely hurt margins further, Lim adds. OCBC retains a hold rating on the stock but trims its fair-value estimate to S$6.30 from S$6.84. Shares are 2.5% lower at S$6.29. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

November 11, 2024 03:46 ET (08:46 GMT)

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