Singapore airlines collapsed on the first quarter profits
Singapore’s Singapore Airlines and its assistant companies Civil Jet Aircraft, Tigerier, Silk and Scoot at the Changi International Airport in Singapore.
Universal Image Group | Getty
Shares of Singapore Airlines (SIA) fell down after carrier 59% decline reported His income in the first quarter of the financial year 2025/2066.
SIA reserves down more than 8% and the largest intra-Day has been reduced since August 2024, according to LSEG statistics. It is currently trade at 7.11% less.
According to the company’s earnings report, the net profit of the quarter ended on June 30 was 186 million Singapore ($ 144 million). The drops were credited with low interest income and the loss from its associates.
His operating profit in the first quarter also dropped by 13.8 percent of the year.
Singapore Airlines stocks fell to 8% after the first quarter profits
“In addition to the low operating profits, the net profit cuts were credit for low -interest balance and low interest income in the back of interest rate deductions, and in the same quarter, the group reporting the loss of the corresponding companies in the same quarter,” the SIA said in its earning statement.
Singapore’s Flagship Carrot also mentioned that the loss of Air India’s finances, which was not included in the settlement of the equivalent quarterly in 2024.
Singapore Airlines started an equity accounting for Air India since December 2024 after Vistara completely merged with airlines. Air India now has a 25.1% share of the SIA.
However, the SIA mentioned that the demand for air travel and cargo is strong despite geographical -political uncertainty.
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