SIA: Citi notes that SIA has been a laggard in the regional airlines rally over the past three months, but remains positive on SIA as a sector outperformer in any sell-off given its more defensive characteristics. Street mostly has Buy rating, with targets ranging $15.65 - 19.50…
Nevertheless, shares off 0.5% today, possibly weighed by news of ad-hoc cancellation of 11 return flights to cities including Newark, Los Angeles, London and Frankfurt during the Thanksgiving, Christmas and New Year’s eve Holidays, so that airline can “consolidate loads and ensure that capacity better matches demand”.
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