Singapore Airlines earnings sink 82% in second quarter, well below forecasts on Air India drag [CNBC]
SINGAPORE AIRLNS UNSP/ADR (SINGY)
NASDAQ:AMEX Investor Relations:
singaporeair.com/en_uk/sg/about-us/information-for-investors
Company Research
Source: CNBC
The carrier's stake in Air India continues to weigh on earnings as the Indian airline seeks major financial support. SIA is pushing commercial expansion with new Vietnam Airlines codeshares and a wider Lufthansa partnership. An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. Nurphoto | Nurphoto | Getty Images Singapore Airlines on Thursday reported an 82% plunge in second-quarter earnings , weighed down by losses from its stake in Air India and lower interest income. Here's how the carrier performed in the three months ended September compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate: Revenue: 4.89 billion Singapore dollars ($3.76 billion) vs. 4.94 billion Singapore dollars expected Net profit: 52 million Singapore dollars vs. 181.47 million Singapore dollars expected Net profit of the city-state's flag
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