Singapore Airlines Reports Q3 Revenue S$5.22B

Singapore Airlines has shown promising financial trends, reporting a 3Q revenue of S$5.22 billion, surpassing the previous year's S$5.08 billion. Despite a 24% decline in its stock price over five years, the total shareholder return is a positive 25% when including dividends, outperforming the market's overall decline of 21%. The company has improved its Return on Capital Employed (ROCE) to 7.0%, indicating better profitability from its capital investments, although this remains below the industry average of 8.0%. Analysts note that Singapore Airlines has become profitable recently, which contrasts with its declining share price, suggesting that market sentiment may not fully reflect its underlying business performance. The challenges in share price may be attributed to external market conditions rather than internal operational issues. Overall, the combination of healthy dividends and a recovering business model presents a potentially favorable investment outlook for Singapore Airlines.