Singapore Airlines (C6L.SG) likely to swing to a fiscal 1Q net profit of S$236 after S$307 million net loss same period last year, as global economic recovery boosts leisure, business travel and increased cargo movement, a Dow Jones poll shows.

“Both passenger and cargo traffic saw strong demand and tight capacity in 1Q FY11. We forecast passenger and cargo revenue to increase by 22.7% y-o-y and 48.4% y-o-y, respectively,” Daiwa Securities says.

Results due after market close. Stock last +0.1% at $14.80.

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