Singapore Airlines reports record Q1 profit boosted by travel demand

Singapore, August 1 (ANI): The Singapore Airlines Group (SIA), co-owner of Indian carrier Vistara, reported its highest ever first-quarter operating profit of SGD 556 million last week (USD 403 million) on “surging passenger demand”. It is the second highest quarterly operating profit in the airline’s history.

This is after it scraped into positive territory with a SGD10 million (USD7.2 million) profit for the second half of the last financial year when it reported its full year earnings in May. For the first half of the same fiscal year, it reported an operating loss of SGD620 million. SIA’s financial year is from April to March.