Singapore Airlines Takes a Hit From Air India's Financial Disaster
Summary by NZ Herald
7 Articles
7 Articles
Singapore Airlines flags cargo headwinds from tariffs, posts Q1 profit drop
SINGAPORE: Singapore Airlines on Monday flagged unpredictable demand for its cargo segment in the second quarter due to tariffs, while it posted a 58.8 per cent fall in net profit during the three months to June. © New Straits Times Press (M) Bhd
·Malaysia
Read Full ArticleThe Singapore Airlines Group announced a fall of 58.8% in its net profit in the first quarter of 2025, which stood at 186 million dollars, or 266 million less than a year ago. This decrease is mainly due to a decrease in operating income, lower interest income due to lower rates and lower liquidity (-61 million), as well as to the taking into account of losses of associated companies, against profits recorded the previous year (-122 million).
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Total News Sources7
Leaning Left0Leaning Right1Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
R 20%
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