Singapore Airlines Shares Rise After Posting Improving Yields for Third Quarter

By Kimberley Kao

Singapore Airlines shares rose to a seven-month intraday high on Wednesday after posting improving passenger yields for its fiscal third quarter.

The airline's shares were last 2.0% higher at 7.17 Singapore dollars, after earlier touching a seven-month intraday high of S$7.19.

"Passenger yields surprised to the upside, turning positive [compared to a year earlier] after an extended period of normalization," said DBS Research analyst Tabitha Foo in a note.

Yields are the average price a passenger pays to fly a kilometer.

"This turnaround is notable given persistent pricing pressure across the APAC region amid intensifying competition," and could signal that a more constructive pricing backdrop is emerging, Foo added.

Singapore's flag carrier has reported declining passenger yields over the past year as the industry's capacity expanded and competition increased.

The pickup in the latest quarter helped to drive revenue up 5.5% from a year earlier to a record high of S$5.51 billion, equivalent to $4.35 billion.

This beat consensus estimates, something that markets should react positively to despite the drop in core profits, Citi Research analysts wrote in a note. Citi retained a sell rating on the stock with a target price of S$6.28.

Write to Kimberley Kao at kimberley.kao@wsj.com

(END) Dow Jones Newswires

February 25, 2026 01:53 ET (06:53 GMT)