Singapore Airlines earnings sink 82% in second quarter, well below forecasts on Air India drag [MSNBC.com]
SINGAPORE AIRLNS UNSP/ADR (SINGY)
NASDAQ:AMEX Investor Relations:
singaporeair.com/en_uk/sg/about-us/information-for-investors
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Source: MSNBC.com
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 ImagesSingapore Airlines on Thursday reported an 82% plunge insecond-quarter earnings,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:Net profit for the first half of the fiscal year also fell to 239 million Singapore dollars, down 67.8% from a year earlier, the company said.Interest income in the second quarter fell by 42 million Singapore dollars due to lower cash balances and interest rate cuts. The share from associated companies, including Air India, took a 295 million Singapore dollar hit in the period."Despite the ongoing challenges, the SIA Group remains committed to working with its partner Tata Sons to support Air India's comprehensive multi-year transformation pro
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