A slow recovery; reiterate NeutralWidening FY22F loss expectations, while cargo continues to show resilience and should cushion impact Action: Reiterate Neutral; widening FY22F losses on higher fuel costsPost the company's 1Q22 business update announcement, which reported a core loss of SGD337mn (significantly higher than we expected (link )), we widen our FY22F loss estimates on […]

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