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Singapore Airlines (SINGY) AI Stock Analysis

SINGY

Singapore Airlines

(Other OTC:SINGY)

Select Model
Rating:70Outperform
Price Target:$12.00â–²(14.59% Upside)
Action:reiterated
Date:08/19/26

Singapore Airlines achieves a solid overall score anchored primarily by its strong, deleveraged balance sheet and an attractive 5.31% dividend yield. While the company demonstrates excellent post-pandemic cash flow recovery, the score is constrained by recent operational margin compression and weak short-term technical momentum.

Positive Factors
Revenue Recovery and GrowthContinued revenue growth indicates that Singapore Airlines has maintained the post-pandemic recovery in passenger and related aviation demand, supporting network scale and the group’s ability to sustain operating activity over the next several months.
Negative Factors
Sharp Earnings CompressionThe substantial decline in net income shows that revenue growth has not translated into sustained earnings performance. Continued pressure on gross profit and margins could limit reinvestment capacity and reduce the durability of recent profitability.

Singapore Airlines (SINGY) vs. SPDR S&P 500 ETF (SPY)

-10%-5%0%5%10%15%20%25%SINGY+8.26%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
$16.36B
Dividend Yield
5.57%
Average Volume (3M)
59.78K
Price to Earnings (P/E)
22.8
Beta (1Y)
0.20
Revenue Growth
9.04%
EPS Growth
-57.80%
Country
US
Employees
22,819
Sector
Industrials
Sector Strength
63
Industry
Airlines, Airports & Air Services

Singapore Airlines Business Overview & Revenue Model

Company Description

Singapore Airlines Limited, founded in 1947 and headquartered in Singapore, functions as a prominent global aviation group. Its core business revolves around providing international passenger and cargo air transport services under its well-known bran...

How the Company Makes Money

Singapore Airlines primarily makes money by selling air transportation and related services. Key revenue streams include: (1) Passenger revenue: Ticket sales for scheduled flights across cabin classes (e.g., economy, premium economy, business, first/...

Singapore Airlines Earnings Call Summary

Earnings Call Date:Nov 07, 2024(Q2-2025)|% Change Since:17.18%|Next Earnings Date:Jul 28, 2020
Earnings Call SentimentNeutral

The earnings call presents a mixed outlook for Singapore Airlines. While there are positive indicators such as revenue growth and strategic partnerships, significant challenges remain, including a substantial drop in profits and increased costs. The airline is strategically positioned in high-growth regions, but operational challenges, such as fleet delivery delays, continue to pose risks.

Positive Updates

Revenue Growth
The revenue for the first half came in at $9.5 billion, up 3.7% year-on-year, driven by higher passenger traffic and strong e-commerce demand boosting cargo revenue.

Negative Updates

Profit Decline
Operating profit of $796 million for the first half was 49% lower than a year ago, with a net profit of $742 million also down by 49% year-on-year.

Company Guidance

The guidance provided in the Singapore Airlines Q2 2025 earnings call highlighted several key financial metrics and strategic initiatives. The airline reported an operating profit of $796 million for the first half of the fiscal year, which was a 49% decrease from the previous year. The operating profit margin stood at 8.4%, with revenue increasing by 3.7% year-on-year to $9.5 billion. Passenger capacity grew by 11%, while cargo capacity increased by 10.2%, leading to overall capacity growth of 10.6%. The passenger load factor was 86.4%, and cargo loads rose by 20%. The airline's net profit was $742 million, also down 49% year-on-year. The Board declared an interim dividend of 10%, consistent with the previous year. Singapore Airlines plans to end the financial year with an operating fleet of 204 aircraft, noting a delay in the delivery of five aircraft to 2025-2026. The company also emphasized its strategic focus on expanding partnerships, enhancing customer experience, and leveraging technology, including the adoption of Generative AI to improve operations.

Singapore Airlines Financial Statement Overview

Summary

Singapore Airlines exhibits a stable financial profile highlighted by a highly conservative balance sheet and aggressive debt reduction, achieving a strong debt-to-equity ratio of 0.61. Robust top-line recovery and consistent operating cash flows are significant strengths, though these are partially offset by recent margin compression and declining net income.

Income Statement

70Positive

Balance Sheet

85Very Positive

Cash Flow

75Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue15.73B20.49B19.54B19.01B17.77B7.61B
Gross Profit15.73B3.63B5.59B5.96B3.03B-198.60M
EBITDA3.47B4.81B5.71B5.62B4.80B1.39B
Net Income997.90M1.18B2.78B2.67B2.16B-962.00M
Balance Sheet
Total Assets43.41B43.94B43.09B44.26B50.19B49.72B
Cash, Cash Equivalents and Short-Term Investments8.51B10.20B8.78B12.66B16.73B14.17B
Total Debt10.64B10.62B12.91B13.45B15.34B15.92B
Total Liabilities25.73B26.29B27.02B27.52B29.94B26.92B
Stockholders Equity17.26B17.23B15.66B16.34B19.86B22.41B
Cash Flow
Free Cash Flow2.07B2.58B2.83B3.73B7.47B-289.20M
Operating Cash Flow4.33B5.21B4.71B5.05B9.15B2.83B
Investing Cash Flow-1.91B-2.76B-3.30B-1.44B-490.10M-2.32B
Financing Cash Flow-1.73B-2.65B-4.33B-8.78B-5.88B5.16B

Singapore Airlines Technical Analysis

Technical Analysis SentimentPositive
Last Price10.47

Price Trends

50DMA10.45Positive
100DMA10.86Negative
200DMA10.44Positive

Market Momentum

MACD-0.02Negative
RSI57.80Neutral
STOCH87.17Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SINGY, the sentiment is Positive. The current price of 10.47 is above the 20-day moving average (MA) of 10.30, above the 50-day MA of 10.45, and above the 200-day MA of 10.44, indicating a bullish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 57.80 is Neutral, neither overbought nor oversold. The STOCH value of 87.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SINGY.

Singapore Airlines Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

SINGY against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
LTMLTM82Outperform$11.86B7.6598.01%3.61%20.16%39.18%
CPACPA76Outperform$5.30B8.4722.40%5.23%14.80%-1.39%
DALDAL70Outperform$52.73B15.9015.40%1.00%14.11%-29.50%
SINGYSINGY70Outperform$16.48B22.785.62%5.57%9.04%-57.80%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
UALUAL63Neutral$33.87B9.5421.81%―12.31%9.08%
AALAAL41Neutral$8.35B-17.2612.03%―12.32%-179.51%

* Industrials Sector Average

Performance Comparison

-20%0%20%40%60%SINGYCPADALUALAALLTMDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SINGY and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SINGYSingapore Airlines10.470.747.63%
CPACopa Holdings S.A.128.929.417.87%
DALDelta Air Lines Inc.80.1522.2738.47%
UALUnited Airlines Holdings, Inc.104.248.138.46%
AALAmerican Airlines Group Inc12.60-0.74-5.55%
LTMLATAM Airlines Group SA Sponsored ADR42.38-1.90-4.29%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 19, 2026