SIA earnings likely to stay 'pressured' despite discounted tickets: Analysts

Singapore Airlines Group's latest discounted tickets exercise may not be enough to boost its near-term earnings, said analysts.

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The airline released more than 380,000 discounted tickets on Oct 24, with the sale set to end on Nov 6. Over 200,000 tickets were for SIA and the remainder for its low-cost subsidiary Scoot.

However, the group's earnings will likely remain under pressure in the near term due to concerns around passenger yield, drag from the crash of Air India Flight 171 and rising non-fuel costs, said analysts.

"This is a regular seasonal marketing exercise where SIA and Scoot routinely run large-scale fare promotions to secure a base load of bookings well in advance," said DBS Bank analyst Tabitha Foo.