Singapore Airlines swings to Q2 profit, restores dividend as travel demand rebounds
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 Angemeldet seit: 10.09.2022 Beiträge: 25 |
Singapore Airlines swings to Q2 profit, restores dividend as travel demand rebounds Singapore Airlines (SIA) on Friday (Nov 4) swung to a second-quarter profit and declared its first dividend in three years as international borders reopened and travel demand rebounded strongly in the peak summer period. Online slot www.xo game service website, direct web, not through an agent, easy financial transactions with automatic deposit-withdrawal system, no minimum. The company posted a net profit of S$556.5 million (S$393.20 million) for the three months ended Sep 30, compared with a S$427.6 million loss in the prior year. It also declared an interim dividend of 10 Singapore cents per share, its first since November 2019 when it declared 8 Singapore cents apiece. The carrier reported a record quarterly operating profit of S$678 million on a near tripling of its revenue from a year ago to S$4.49 billion. SIA benefited from strong passenger demand over the peak summer period, which led to high ticket prices because there is less capacity available than before the pandemic. "Demand is expected to be strong as we head into the year-end peak travel season. Forward sales are expected to remain buoyant in the coming months leading up to the Lunar New Year period," SIA said in a statement. Singapore's flagship carrier, however, warned that cargo demand in the third quarter could be weaker from a year ago as this year's traditional air cargo peak period is expected to be muted. |
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