Singapore Airlines Reports 26% Profit Jump, Revenue Hits S$5.5 Billion [Yahoo! Finance Canada]
SINGAPORE AIRLNS UNSP/ADR (SINGY)
NASDAQ:AMEX Investor Relations:
singaporeair.com/en_uk/sg/about-us/information-for-investors
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Source: Yahoo! Finance Canada
Singapore Airlines ( SINGY delivered a notably stronger third quarter as travel demand continued to build, pushing operating profit up 26% to S$792 million in the three months ended Dec. 31, marking its third-highest quarterly performance on record. Revenue increased 5.5% to S$5.5 billion, while yield a key measure of fares and flight profitability rose for the first time in three years. Management characterized fourth-quarter travel demand as healthy, signaling that current booking trends could remain supportive if conditions hold. The group has continued expanding capacity and services, and is preparing to introduce the first of several dozen aircraft equipped with new seats under a S$1.1 billion retrofit program. In December, Singapore Airlines exceeded both capacity and passenger volumes compared with January 2020, reaching a post-pandemic milestone. Combined, Singapore Airlines and its budget unit Scoot carried 10.9 million passengers during the quarter, up 6.3% from a year ea
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