Singapore Airlines profit drops 68% amid Air India losses and rising costs

Singapore Airlines profit drops 68% amid Air India losses and rising costs


Singapore Airlines on Thursday reported a sharp fall in first-half profit, hit by losses at its Indian associate Air India, higher costs and intensifying competition.

The airline’s profit slid steeply in the second quarter to S$52 million (US$40.18 million) from S$186 million in the first quarter, highlighting Air India’s drag on performance.



Read Full Article At Source