Singapore Air’s Second-Half Loss Narrows as Travel Picks Up
(Bloomberg) — A welcome revival in travel and cargo demand helped Singapore Airlines Ltd. narrow losses in the second half of the fiscal year through March, though the high price of oil weighed on the carrier, its annual results showed.
The airline’s net loss in the October-March period was S$125 million ($90 million), it said in a statement Wednesday, compared with a loss of S$804 million a year earlier. Sales more than doubled in the six-month period to S$4.79 billion.
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