Singapore Airlines Ltd (SIA) reported an over seven-fold jump in third-quarter net profit on Tuesday (Feb 21), boosted by a strong recovery in demand in key markets. The carrier said demand for air travel is expected to be robust in the fourth quarter following a recovery in East Asia after easing of travel restrictions across China, Hong Kong, Japan and...
Singapore Airlines Ltd reported an over seven-fold jump in third-quarter net profit on Tuesday , boosted by a strong recovery in demand in key markets.
The carrier said demand for air travel is expected to be robust in the fourth quarter following a recovery in East Asia after easing of travel restrictions across China, Hong Kong, Japan and Taiwan.following a merger of its Vistara joint venture with the Tata Group-controlled airline, projected group capacity to reach an average of around 77per cent of pre Covid-19 levels in the fourth quarter.
However, it warned that the airline industry continues to face headwinds due to high cost inflation and elevated fuel prices and flagged that competition is likely to intensify as airlines inject more capacity on international routes. The airline’s net profit jumped to $628 million in the three months ended Dec 31, from $85 million a year ago. The net profit also rose 12.7per cent over the previous quarter.SIA said it also expects demand for air freight to face headwinds due a slowdown in new orders as importers trim inventory levels.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore Airlines quarterly profit surges seven-foldSingapore Airlines (SIA) reported a more than seven-fold jump in third-quarter net profit on Tuesday (Feb 21), boosted by a strong recovery in demand in key markets. The carrier said that demand for air travel is expected to be robust in the fourth quarter following a recovery in East Asia after the easing
Read more »
Saga of renting a room in Singapore, especially for a Singaporean - Singapore NewsSense And Nonsense by Tan Bah Bah
Read more »
Anglican Church in Singapore opposes Church of England's blessing of same-gender couples - Singapore News“We are deeply disappointed by the Church of England’s decision and unequivocally state that the blessing of same-s*x unions has no biblical ground whatsoever, since scripture teaches unambiguously that marriage is between one man and one woman,' the Church said.
Read more »
‘This whole idea that Singapore is better than Malaysia needs to stop’ says Singaporean - Singapore News'As a Singaporean, i really don't think Malaysia is all that bad,' he wrote.
Read more »
ICA said more travelers are detected trying to disguise their identity at the border of Singapore in 2022 - Singapore NewsAn ICA spokesperson said that travellers who are found to be using a duplicate identity or an identity different from their previous trip to Singapore to bypass Singapore’s checkpoints, will be refused entry and prohibited from returning to Singapore.
Read more »
Bruce Willis diagnosed with dementia - Singapore NewsHis family revealed last March that his aphasia had affected his cognitive abilities. The condition causes a loss of the ability to understand or express speech.
Read more »