Singapore Airlines Q3 profit dives 69% despite record revenue as Air India losses weigh
Singapore Airlines posted a nearly 69% drop in fiscal third-quarter net profit, dragged down by the absence of last year’s one-off gain from the Air India-Vistara merger and a larger hit from associates’ losses. Yet travel demand fueled revenue to a new high. These figures carry weight: airlines in Asia are ramping up capacity, and holding onto fare increases is proving tough. Investors are eyeing Singapore Airlines to see if it can maintain its edge on long-haul pricing even as expenses climb.