We recently attended the 2019 Singapore Airlines Ltd (SIA) AGM held on 29 July 2019.
1. SIA’s 3-year transformation programme
2. Boeing Max
Still a very challenging industry and no sustainable competitive advantage. Any advantage in fuel from new planes is only temporary. SIA share price has not moved for the past 20 years.
Competition is intense and profitability is dependent on the vagaries of fuel prices.
# Phillip Securities Research does not have any recommendation on Singapore Airlines.