BRIEF-Singapore Airlines Says Cargo Capacity Seen Contracting 1% For FY19/20
Nov 5 (Reuters) - Singapore Airlines Ltd:
* PASSENGER BOOKINGS IN COMING MONTHS ARE EXPECTED TO BE STRONGER YEAR-ON-YEAR, WITH YIELDS SUPPORTED BY PREMIUM CABIN TRAFFIC
* SIA GROUP PASSENGER OPERATIONS WILL GROW AT APPROX. 6% IN FY19/20
* CARGO DEMAND LIKELY TO REMAIN WEAKER YOY AMID ONGOING TRADE TENSIONS AND MANUFACTURING SLOWDOWN IN KEY EXPORT ECONOMIES
* CARGO CAPACITY SEEN CONTRACTING 1% FOR FY19/20
* FOR H2 GROUP HEDGED 75% OF FUEL REQUIREMENTS IN MOPS, 3% IN BRENT AT WEIGHTED AVERAGE PRICES OF $76 AND $54 PER BARREL RESPECTIVELY
* COMPANY IS DECLARING AN INTERIM DIVIDEND OF 8 CENTS PER SHARE
* HEADWINDS PERSIST IN FORM OF INTENSIFYING COMPETITION IN KEY OPERATING MARKETS, AS WELL AS AN UNCERTAIN GLOBAL ECONOMIC OUTLOOK
* FUEL PRICES ARE EXPECTED TO REMAIN VOLATILE, AS A RESULT OF GEOPOLITICAL AND ECONOMIC RISKS
* GROUP WILL CONTINUE TO ENTER INTO LONGER-DATED HEDGES EXTENDING TO FY2024/25
* SILKAIR CONTINUES TO BE ADVERSELY AFFECTED BY GLOBAL GROUNDING OF BOEING 737 MAX 8 AIRCRAFT Source text for Eikon: Further company coverage: