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May 19, 2022 04:08 PM

Singapore Air’s Second-Half Loss Narrows as Travel Picks Up

Singapore Airlines aircraft at Changi Airport in Singapore on March 30. Photo: Bloomberg
Singapore Airlines aircraft at Changi Airport in Singapore on March 30. Photo: Bloomberg

(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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