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Singapore Airlines says tangible progress made in Air India's fleet renewal, service enhancements
Singapore Airlines reported tangible progress in Air India's fleet and service enhancements. The airline group's stake in Air India is a key pillar of its strategy. However, a net loss of USD 76 million was recorded in the April-June quarter. Increased jet fuel prices significantly impacted expenditures, despite fare adjustments. The company remains focused on growth opportunities and strengthening its competitive position.
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channelnewsasia.com
Fuel costs, Air India losses push SIA into Q1 red despite record revenue
Record passenger and cargo revenue failed to offset a 78.5 per cent jump in net fuel costs and higher losses from Air India, sending the airline group to a S$76 million quarterly…
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morningstar.com
Singapore Airlines Swings to Loss as Fuel Prices, Air India Weigh
By Kimberley Kao and Amanda Lee
