Singapore Airlines on Thursday reported an 82% plunge in second-quarter earnings, missing estimates as losses from its Air India stake and lower interest income weighed on results.
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.
Singapore Airlines
