Skift Take

China's reopening should inject more momentum into Singapore Airlines' financials.

Singapore Airlines Ltd (SIA) posted its first full-year profit since 2020 on Tuesday, as demand in key markets surged with the reopening of domestic borders and the easing of pandemic-related restrictions on international air travel.

The company logged a net profit of S$2.16 billion ($1.63 billion) for the year ended March 31, compared with a loss of S$962 million in the previous year.

Six analysts had, on average, estimated a profit of S$2.10 billion, according to Refinitiv IBES.

SIA’s board proposed a final dividend of 28 Singapore cents per share for the year. (Reporting by Savyata Mishra and Roushni Nair in Bengaluru; Editing by Savio D’Souza)

This article was from Reuters and was legally licensed through the Industry Dive Content Marketplace. Please direct all licensing questions to [email protected].


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Tags: earnings, singapore air, tourism

Photo credit: A Singapore airlines Boeing 777-200 in Singapore Airlines livery. Source: Singapore Airlines Singapore Airlines

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