0422 GMT - Singapore Airlines' positive long-term outlook remains intact, says Lorraine Tan, a director at Morningstar in a note. Even though the next six months may be challenging due to high fuel costs, SIA will comfortably manage the risks, given its net cash position, Tan says. However, dividends may fall in FY 2027, Tan adds. Morningstar lowers its fair value estimate by 6% to S$6.30, reflecting near-term earnings pressure and Air India's capital injection. SIA's outlook in the near term remains clouded by high jet fuel costs and travel demand, which could soften as consumers defer travel, Tan says. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

May 19, 2026 00:22 ET (04:22 GMT)

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