Singapore Airlines Ltd (SIA) posted its first annual profit in four years on Tuesday (May 16) and said the current year is off to a strong start with higher bookings to China, Japan and South Korea as pandemic curbs ended globally. The city-state’s flag carrier logged a record-high profit of $2.16 billion for the year ended March 31, after posting...
Singapore Airlines Ltd posted its first annual profit in four years on Tuesday and said the current year is off to a strong start with higher bookings to China, Japan and South Korea as pandemic curbs ended globally.Singapore Airlines Ltd posted its first annual profit in four years on Tuesday and said the current year is off to a strong start with higher bookings to China, Japan and South Korea as pandemic curbs ended globally.
The profit also beat analysts’ average estimate of $2.10 billion, per Refinitv IBES, as the airline benefited from strong pent-up demand for air travel as restrictions eased domestically in April last year, and most recently in China.
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