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"SINGAPORE: Singapore Airlines (SIA) posted a net profit of S$85 million in the third quarter on Thursday (Feb 24), helped by a strong cargo market and an improvement in passenger numbers as Singapore eased some of its border restrictions.
The airline reported its first profitable quarter since December 2019, before the pandemic hit. The profit for the three months ended Dec 31 came in versus a loss of S$142 million in the year-ago period that was boosted by a tax credit.
Its passenger network covered a total of 85 destinations, up from 65 in the previous quarter, with SIA serving 63 and Scoot serving 35."
Some good light at the end of the tunnel! Hooray!
The airline reported its first profitable quarter since December 2019, before the pandemic hit. The profit for the three months ended Dec 31 came in versus a loss of S$142 million in the year-ago period that was boosted by a tax credit.
- Revenue= S$2.32 billion (S$1.07 billion in 2020/2021)
- Group passenger capacity= 45 per cent of pre-COVID-19 level
- Group operating profit= S$76 million for the three months ended December 2021 (S$331 million loss in 2020/2021)
- Group operating loss for the nine months to December 2021= S$543 million. (S$1.65 billion in 2020/2021)
- Group operating cash surplus= S$322 million for the first nine months of the year
- Passenger flown revenue= S$1.25 billion
- Cargo flown revenue= S$1.24 billion
Its passenger network covered a total of 85 destinations, up from 65 in the previous quarter, with SIA serving 63 and Scoot serving 35."
Some good light at the end of the tunnel! Hooray!
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